IMF警告：美元稳定币或在弱势经济体加速货币替代，削弱央行掌控能力

Core Viewpoint - The International Monetary Fund (IMF) warns that dollar-backed stablecoins, such as USDT and USDC with a total market capitalization of $260 billion, may accelerate currency substitution in countries with weak monetary systems, undermining central banks' effective control over capital flows [1] Group 1: Economic Impact - In high inflation and low trust economies, households and individuals tend to prefer stablecoins over volatile local currencies, increasing risks [1] - The presence of stablecoins in these economies could lead to a greater reliance on them, further destabilizing local currencies [1] Group 2: Systemic Threats - Key systemic threats include regulatory arbitrage, risk of bank runs, and illicit fund flows [1] - The IMF emphasizes that stablecoins are likely to persist in the financial landscape, necessitating a robust and coordinated international regulatory framework [1] Group 3: Financial Inclusion - The IMF calls for the establishment of strong regulations to manage risks while leveraging stablecoins to enhance financial inclusion [1]