💵 Stablecoins = “dollarization 2.0”? The IMF has given a clear signal
The IMF warns: dollar-pegged stablecoins (like USDT/USDC) could accelerate dollarization in countries with high inflation and weak trust in the local financial system.
And it sounds harsh, but logical.
📌 How it works in practice:
🔹 Initially, stablecoins are “just a convenient settlement”
transfers, savings, trading.
🔹 Then they become “my currency for life”
when the national currency:
• is devalued,
• is unstable,
• or people don’t trust it.
🔹 And then the central bank loses part of its levers
because money starts to move:
• faster,
• easier,
• and often outside traditional control channels.
Most importantly — the IMF notes that cross-border flows of stablecoins are growing faster than BTC and ETH.
This means it’s no longer a “toy for crypto enthusiasts,” but a real financial infrastructure.
⚖️ But there is also a plus:
where banking is weak, stablecoins could be the fastest way to modern digital payments.
👉 The conclusion is simple:
stablecoins are not “about trading.”
They are about the future architecture of money.
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