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 ...

IMF Stablecoins. Photo by BeInCrypto Cross-border stablecoin flows have reached new 2025 highs, surpassing those of Bitcoin and Ethereum for the first time. This has prompted a sharp warning from the International Monetary Fund (IMF). The Fund says the explosive rise of digital dollars could accelerate currency substitution, disrupt capital flows, and pressure emerging-market financial systems. IMF Sounds Alarm as Stablecoin Flows Hit Record Highs and Outrun Bitcoin, Ether The IMF’s latest departmental ...

Stablecoins have the potential to broaden individuals’ access to financial services, but that may come at the cost of central banks, according to the International Monetary Fund. In a 56-page report published on Thursday, the international organization identified “currency substitution” as a potential risk that stablecoins pose, describing the dynamic as something that could incrementally erode the financial sovereignty of various nations. Historically, if an individual wanted access to the greenback, they ...