IMF: Native Stablecoins Could Accelerate Dollar Stablecoin Adoption

Odaily News Agency – Daniel Katz, First Deputy Managing Director of the International Monetary Fund (IMF), stated that when native stablecoins and dollar-backed stablecoins operate on the same blockchain infrastructure, users can exchange them through decentralized exchanges, liquidity pools, or peer-to-peer swaps, and native stablecoins may accelerate the adoption of dollar-backed stablecoins.



Katz noted that users may prefer dollar-backed stablecoins due to their liquidity, network effects, and acceptance across platforms and borders. In South Africa, where dollar-backed stablecoin adoption is limited, demand for stablecoins pegged to the rand is even lower; he urged countries to incorporate fiat on/off ramps and on-chain trading points into their regulatory frameworks.