• The International Monetary Fund stated that “many stablecoins do not have a true independence from the U.S. dollar and could become private dollar systems.” • The IMF warned that the “global adoption of dollar-linked stablecoins could undermine central banks’ monetary control.” The International Monetary Fund released a report that
This follows a warning from the company, Coinbase, that any limitation on interest rates or reward schemes in relation to stablecoins in the United States could have the effect of giving China an advantage in the global competition in digital finance. This decision comes at a time when there are
In a recent exchange between cryptocurrency industry leaders, the Tether CEO replied for comments made by the Ripple CEO, shedding light on the stability and compliance measures of the stablecoin amidst speculation of government scrutiny. Brad Garlinghouse, CEO of Ripple, had suggested a potential investigation by US authorities into Tether,
