IMF: Stablecoin Potential for Global Payments Requires Strict Regulation

The International Monetary Fund (IMF) has published a report emphasizing the growing role of stablecoins in the global financial system. The report highlights how properly regulated stablecoins could dramatically enhance cross-border payments, currently hampered by slow and fragmented banking networks. With swift settlement times and significantly reduced transaction costs compared to traditional methods, the IMF believes stablecoins offer a compelling alternative for international transfers.