IMF Warns of Stablecoin Risks



IMF chief Kristalina Georgieva says stablecoins could make large cross-border payments cheaper, but warns they may also increase currency substitution and exchange-rate instability in emerging markets.

#Stablecoins #Crypto #IMF #CoinMarketCap
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MonthlyDCA
· an hour ago
A stablecoin regulatory framework for an emerging market is expected to arrive soon.
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RiskRewardRider
· an hour ago
Cross-border payments really do save money, but it must be made clear who should bear the blame for exchange rate fluctuations.
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SandboxTester
· an hour ago
“Currency substitution” is too academic; put simply, it means ordinary people abandoning the local currency for USDT.
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LiquidationDenier
· an hour ago
So the conclusion is: useful, but don’t use it on our turf? Very IMF.
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