IMF: While stablecoins drive innovation, they pose market volatility risks; currently collaborating with the FSB and BIS to strengthen regulation

Foresight News reported that the International Monetary Fund (IMF) stated that stablecoins can expand access to financial services and drive innovation, but may also trigger currency substitution effects and market volatility risks. Therefore, global regulatory cooperation is crucial. Currently, the IMF is working with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to fill regulatory gaps and strengthen industry oversight.