IMF: Stablecoin USD improves access to foreign currency but may trigger a currency race
- An IMF research paper indicates that USD stablecoin can improve people’s access to foreign currency.
- However, during periods of severe exchange-rate stress, stablecoin may encourage withdrawals from the domestic currency, worsening the crisis.
- The IMF warns that stablecoins can coordinate currency runs, causing financial instability.
#Stablecoin #IMF #CryptoNews #USD #FX
$usdt usdt $usdc usdc
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Source: CoinTelegraph
- An IMF research paper indicates that USD stablecoin can improve people’s access to foreign currency.
- However, during periods of severe exchange-rate stress, stablecoin may encourage withdrawals from the domestic currency, worsening the crisis.
- The IMF warns that stablecoins can coordinate currency runs, causing financial instability.
#Stablecoin #IMF #CryptoNews #USD #FX
$usdt usdt $usdc usdc
vlikevn Titanbot
Source: CoinTelegraph