IMF: Stablecoins drive innovation but pose market volatility risks; IMF is working with FSB and BIS to strengthen regulation.

According to Foresight News , the International Monetary Fund (IMF) has stated that stablecoins can expand the reach of financial services and drive innovation, but they may also trigger currency substitution effects and market volatility risks. Therefore, global regulatory cooperation is crucial. Currently, the IMF is collaborating with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to fill regulatory gaps and strengthen industry oversight.