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Domestic stablecoins could boost demand for dollar-backed tokens: IMF

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IMF

Chronological coverage

8 August
Latest8 Aug, 06:33
IMF highlights potential for domestic stablecoins to increase demand for dollar-backed tokens
The rise of domestic stablecoins may inadvertently strengthen the dominance of dollar-backed tokens, challenging local monetary systems.
CryptoBriefing•Editorial Team
First seen8 Aug, 06:21
Domestic stablecoins could boost demand for dollar-backed tokens: IMF
IMF first deputy managing director Dan Katz says users may favor digital dollars for their liquidity, network effects and cross-border acceptance.
Cointelegraph•Cointelegraph by Ezra Reguerra