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Stablecoins Could Shift Global Dollar Flow | Bitcoin and Crypto News
Description
An IMF official warns that local-currency stablecoins might unintentionally pave the way for digital dollars, as users can easily swap between them on shared blockchains — potentially bypassing traditional financial oversight. While dollar-backed tokens remain more liquid and widely accepted, especially in places like South Africa, the shift could destabilize capital controls and create uneven risks across economies. The IMF is calling for governments to regulate both on- and off-chain trading points to maintain stability in this emerging digital currency landscape.
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