IMF Indicates That Stablecoins May Pose Risks for Emerging Markets

IMF Warns

International Monetary Fund (IMF) has stated that dollar-pegged stablecoins have the potential to weaken local currencies in emerging markets. This situation could facilitate currency substitution and capital outflows.

Expert Opinions

However, despite this warning, experts argue that the current state of the stablecoin market is not yet significant enough in terms of macroeconomic effects. Stablecoins are mostly used for cryptocurrency trading, and their market sizes are relatively limited compared to global capital flows.