New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts

Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately argue in favor of Central Bank Digital Currencies (CBDC). “Currency substitution facilitated by stablecoin ado ...