New IMF Report on Stablecoin Risk Sparks Outrage From Crypto Experts

New IMF Report on Stablecoin Risk Sparks Outrage From Crypto Experts

The IMF released a report that campaigns in favor of CBDCs and warns against the risk stablecoins represent, sparking criticism among crypto experts.

IMF Warns Against Stablecoins And Their Dangers To Emerging Markets

IMF is warning that stablecoins could worsen currency substitution and weaken central bank control in emerging markets.   The International Monetary Fund (IMF) has warned that stablecoins could affect global money flows.  It says that Dollar-backed stablecoins like USDT and USDC are rising in popularity, especially in countries with high inflation or weak monetary systems. ...

IMF Warns Stablecoins Pose Risks to Financial Integrity Without Proper Regulation

Stablecoins have experienced significant growth and received increasing attention in recent years, acting as a bridge between volatile unbacked crypto assets and fiat currencies. Through tokenization, these digital assets are used to increase efficiency in payments, particularly cross-border transactions, including reducing the costs and enhancing the speed of remittances. However, amidst its wide use cases, […] The post IMF Warns Stablecoins Po…

IMF Warns Stablecoins Could Quietly Replace Weak National Currencies

In a new analysis, the International Monetary Fund suggests that tokens pegged to national currencies could upend how struggling economies function, unless governments get ahead of their growth. Key Takeaways IMF says stablecoins could erode monetary control in weak economies as users favor dollar-backed tokens. Benefits exist, but fragmentation, redemption risk, and reserve instability pose systemic threats. The Fund urges international regula…