New Crypto
Saturday, 7/11, 10:37 AM
The IMF Weighs the Promise and Peril of Dollar Stablecoins
- New IMF research argues that dollar-pegged stablecoins can be a double-edged sword for developing economies.
- They give people an easy, cheap way to get dollars where local channels fall short, but they can also speed up the flight from weak local currencies and make financial panics faster and harder to contain.