22 Days
Source:
الاقتصادية
IMF Warns About Stablecoins Impact on Exchange Rate Crises
The International Monetary Fund warned that reliance on dollar-linked stablecoins could increase the risks of local currency collapses in economies with fixed exchange rates, especially when the official exchange rate diverges from its true value. The study showed that the widespread use of these currencies could intensify withdrawal waves, with the likelihood of crises rising from 3.9% to 7.4% in an economy relying solely on cash, and reaching 12.9% when exchange rate imbalances worsen. Additionally, the European Central Bank cautioned that expanding the issuance of euro-denominated stablecoins could hinder banks’ ability to lend and control interest rates.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)