IMF: Stablecoins May Accelerate Currency Substitution and Weaken Central Bank Control

2025-12-05 10:27:02

Mars Finance News: On December 5, the International Monetary Fund (IMF) warned that stablecoins could accelerate currency substitution in countries with weak monetary systems, thereby undermining central banks’ control over capital flows. The IMF stated that the rise of US dollar-backed stablecoins and their convenient cross-border use may encourage people and businesses in economically unstable regions to prefer using dollar stablecoins over local currencies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.