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IMF Paper: Dollar Stablecoins May Aid FX Access but Amplify Currency Runs

An IMF working paper argues that dollar stablecoins could improve foreign-exchange access while also amplifying currency runs. The framing is expected to feed into global regulatory debates.

An IMF working paper argues that dollar stablecoins could improve foreign-exchange access while also amplifying currency runs.

The paper's framing positions stablecoins as both a potential benefit and a risk, a dual view expected to feed into global regulatory debates on dollar-denominated stablecoins.

The key fact

An IMF working paper frames dollar stablecoins as both an FX-access tool and a potential currency-run amplifier.

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