IMF indicates that stablecoins can pose risks for emerging markets.

IMF Warns

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

Expert Opinions

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