IMF First Deputy Managing Director Dan Katz warned on August 7 that local-currency stablecoins like South Africa’s ZARU can end up accelerating adoption of dollar stablecoins instead of curbing it. South Africa’s central bank flagged the same capital-control risk on July 31, a we...
South Africa’s Rand Stablecoin Lost to Dollar Tokens: Now the IMF Says That’s a Warning Sign
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- EnglishSouth Africa's Rand Stablecoin Lost to Dollar Tokens: Now the IMF Says That's a Warning Sign
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