IMF warns of potential stablecoin bank runs, calls for reserve reform

The International Monetary Fund (IMF) has reiterated its warning about the potential for bank runs on stablecoins, DL News reported. In a report titled "Making Stablecoins Stable" published this week, the IMF stated that while stablecoins offer advantages such as low transaction costs and high speed, they could pose serious risks to monetary and financial stability without adequate regulation. The report highlighted concerns that some major issuers include Bitcoin in their reserves. The IMF suggested that alternative revenue structures, such as allowing issuers to pay interest or monetize data, are needed to prevent them from relying on risky assets.