Stablecoins Could Trigger Bank Runs in Crises, IMF Warns
The IMF's warning is not about solvency but velocity: in a panic, dollar stablecoins let holders race for the exit faster than any bank can process withdrawals, and reserves may not keep pace.
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The IMF's warning is not about solvency but velocity: in a panic, dollar stablecoins let holders race for the exit faster than any bank can process withdrawals, and reserves may not keep pace.
The Fund's financial counsellor framed tokenization's upside as policy-dependent, not technical. Whether shared digital ledgers become systemic infrastructure or fragmented national silos is now a…
Tobias Adrian's blog post argues that what tokenization gives markets in speed, it takes away in resilience, with no regulator currently equipped to catch a shock in real time.
The IMF framing matters because tokenization stops being a crypto-niche debate and becomes a multilateral endorsement that the existing financial architecture can be rebuilt on chain-based rails.
A 17-month IMF deal required Bukele to stop net BTC accumulation, and the country's public wallets suggest it did, despite the daily-buying optics.
A short, technical disagreement over how Bukele's stack is reported on the books is the latest test of whether the sovereign-Bitcoin experiment survives outside pressure from its largest creditor.
The International Monetary Fund warned on Tuesday that Nigeria's surging stablecoin adoption is "testing the limits" of…