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. ...
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