IMF Warns Stablecoin Adoption Must Not Undermine Fiscal Discipline

IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […] The post IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount appeared first on Vanguard News.

By Urowayino Jeremiah