IMF: Stablecoins Could Accelerate Currency Substitution, Weakening Central Bank Control
BlockBeats News, December 5th, the International Monetary Fund warned on Thursday that stablecoins could accelerate the currency substitution of weak currency systems in countries, thereby weakening central banks' control over capital flows.
The International Monetary Fund stated that the rise of USD-backed stablecoins and their convenient cross-border use could prompt individuals and businesses in economically unstable regions to prefer using USD stablecoins over the local currency.
You may also like

Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?

Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?

Beyond the Financials, Nvidia's True Risk and Opportunity

Citrini Lingering Echo

Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks

Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.

Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report

The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?

Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault

Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval

WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.

Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK

Market Key Insights for February 26th, How Much Did You Miss?

L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High

Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…

Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…

Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…