🟦The IMF warns that the growing adoption of dollar-pegged stablecoins could gradually displace national currencies in countries facing high inflation and weak trust in central banks. Their convenience for cross-border transfers has already made these tokens popular across Asia and several emerging markets.
🟦Analysts note that stablecoins can lower payment costs and offer an alternative to traditional banking, but falling reserve values could trigger financial instability. As a result, the IMF calls for coordinated regulation and accelerated development of central bank digital currencies.