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Stablecoin Adoption Could Stifle Central Bank Control, IMF Warns
Stablecoins have the potential to broaden individuals’ access to financial services, but that may come at the cost of central banks, per IMF. In …
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Stablecoin Adoption To Stifle Central Bank Control IMF Warns
IMF warns stablecoin growth may weaken monetary sovereignty through currency substitution. Dollar-backed tokens dominate the market, limiting central banks’ policy influence in emerging regions. CBDCs could face adoption challenges as foreign stablecoins gain ground in digital payments. Stablecoins’ expansion across emerging and developing economies is drawing heightened scrutiny from global financial authorities, with a new International Moneta…
The fund recommends that regulatory frameworks address the potential market and liquidity risks of digital currencies.
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