IMF warns local stablecoins could deepen dollarisation risk

The International Monetary Fund has warned that stablecoins issued in local currencies, often pitched as a defence against dollarisation, could end up accelerating it instead. Dan Katz, the IMF’s First Deputy Managing Director, made the warning in a speech at the University of Cape Town on August 7, titled “Stablecoins: Promise, Risks, and Policy Choices … The post IMF warns local stablecoins could deepen dollarisation risk appeared first on TechTrendsKE .

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