Macro

Dollar stablecoins could improve FX access but amplify currency runs: IMF paper - Bitget

Source: Bitget

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DW NOTE

The IMF is concerned that dollar stablecoins might make it easier for populations to flee their own currencies during a crisis. Translation: they work exactly as designed. When your central bank has printed the national currency into irrelevance, the problem isn't that people have an exit — it's that you gave them a reason to use it.

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QUESTION: Marty, Bessent is plainly no trader. As you’ve pointed out, he’s spent far too long in the company of market manipulators. I remember your warning that rolling debt into shorter maturities only deepens future fragility. And as you put it, it’s Groundhog Day on repeat. So the question is: d

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Dollar stablecoins could improve FX access but amplify currency runs: IMF paper - Bitget

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10-Year Yield Hits Multi-Year High, Long Bond Tops 5.3 Percent, Oil Surges