The fund identified “strong macro-policies and robust institutions” as a response to the potential risks of stablecoins, above a patchwork of global regulations.
The International Monetary Fund (IMF) released a comprehensive report on the potential impact of the growing stablecoin market and the adequacy of global regulations in handling it.
In the “Understanding Stablecoins” report released on Thursday, the IMF analyzed the various approaches regions, including the United States, the United Kingdom, Japan and the European Union, had taken in establishing a regulatory framework for stablecoins.
Although the report noted that emerging regulations could mitigate risks to macrofinancial stability, the landscape was “fragmented,” both in policymakers’ approaches and how stablecoins are issued.
