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3 Stablecoin Risks Highlighted By IMF Financial Stability Report
The International Monetary Fund (IMF) is the latest global body to flag the risks to financial stability posed by stablecoins.In an Oct. 14 report, the United Nations agency highlighted three areas in which the global economy is vulnerable. Each year, the IMF publishes a report that explores major threats to financial stability, highlighting global trends, regulation gaps, and improvement areas.Stablecoins first received a mention in 2024, when the IMF observed that they were starting to be adopted by a broader range of financial institutions. Back then, the main concern was that a “major cyber incident” could ... (full story)