The International Monetary Fund (IMF) has released a blog in which it outlines both potential benefits and risks associated with the adoption of new digital payment methods, including stablecoins.
In its recently published blog entitled “The Rise of Digital Money,” the IMF set forth pros and cons of the wide adoption of stablecoins — digital currencies pegged to a physical asset or fiat currency and designed to minimize price volatility. While the agency said that stablecoins could bring significant benefits to customers and society, it pointed out a range of purported risks related to their usage.