IMF: Stablecoin risks require strong macro policy, not just regulation

The International Monetary Fund (IMF) has concluded that international coordination is essential to manage the risks associated with the expanding stablecoin market. In a report, the fund reviewed regulatory cases in the U.S., the UK, Japan, and the EU, noting that while regulation helps mitigate risk, the fragmentation of national systems and issuance methods creates concerns about inefficiency and poor interoperability. The IMF stressed that the primary line of defense against stablecoin risks is not regulation but strong macroeconomic policies and solid institutional foundations, highlighting that international coordination is key.