Add the International Monetary Fund (IMF) to the list of institutions wary of stablecoins' growing influence. In its 2021 Global Financial Stability Report, the IMF says cryptocurrency doesn't yet pose a systemic threat to the international system but that "risks should be closely monitored given the global implications and the inadequate operational and regulatory frameworks in most jurisdictions." To address those inadequacies, it calls for "global standards for crypto assets." Doing so, it believes, could help fend off a "contagion risk" to other markets. The IMF holds huge sway. It is an intergovernmental body ... (full story)