Scale of Stablecoin Adoption in Nigeria Makes Risks ‘More Pronounced’, Says IMF – Decrypt
In brief A new IMF report has highlighted the “striking” scale of stablecoin adoption in Nigeria. The IMF warned that adoption sharpens risks including “digital dollarization,” weakening monetary policy, and illicit finance enabled by transactions that evade traditional monitoring. Arguing that suppression efforts would likely be only “partly effective,” the report urged a pragmatic approach...
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