IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
GlobeAlert Desk · curated from Vanguard Nigeria · global
By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […] The post IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount appeared first on Vanguard News.
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