Stablecoin Adoption Could Stifle Central Bank Control, IMF Warns – Decrypt
In brief Stablecoins could make monetary policy less effective in some nations, the IMF said. The organization pointed to stablecoins’ ability to “penetrate an economy.” So far, an overwhelming majority of stablecoins have been tied to the U.S. dollar. Stablecoins have the potential to broaden individuals’ access to financial services, but that may come at...
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