The IMF has endorsed Stablecoins in its latest report, calling them US Treasury-backed digital assets. According to the latest IMF report released a few hours ago, stablecoins are now considered mainstream financial assets backed by the US Dollar or US Treasuries.
A previous report from it, published in Dec 2024, called stablecoins risky and asked countries to desist from adopting them.
It has also been critical of Bitcoin and other cryptocurrencies.
Interestingly, all stablecoin issuers have large Bitcoin reserves on their balance sheets.
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