Cryptocurrency

Overlapping abstract arches representing conversion paths between local and dollar stablecoins

The IMF Says Local Stablecoins Could Make Dollarization Easier, Not Harder

The International Monetary Fund says domestic stablecoins meant to defend national currencies could end up doing the opposite, smoothing the path from local money into digital dollars rather than slowing it down. Crypto.news reported on Aug. 9 that First Deputy Managing Director Dan Katz sketched out that possibility during an Aug. 7 speech at the

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