IMF: "Stablecoins can boost efficiency in cross-border payments and support the growth of tokenised assets"
Minseung Kang
Summary
- The IMF said stablecoins have the potential to make cross-border payments faster and cheaper.
- The IMF said stablecoins can reduce costs and time in the global remittance process, reshaping the cross-border payments architecture.
- The IMF added that it is establishing a policy framework with global regulators to support stablecoin adoption and trust, and long-term ecosystem stability.
Forecast Trend Report by Period
The International Monetary Fund (IMF) assessed that stablecoins could make cross-border payments faster and cheaper, and support the growth of tokenised assets.
According to crypto-focused outlet Odaily on the 10th, the IMF said in a recent report that "stablecoins have the potential to reshape the architecture of cross-border payments by reducing costs and time in the global remittance process." It added that stablecoins could also contribute to the growth of the tokenised-asset ecosystem.
The report added that it is "working with global regulators to establish a policy framework to support stablecoin adoption and trust, and long-term ecosystem stability."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
