Crypto

Scale of Stablecoin Adoption in Nigeria Makes Risks ‘More Pronounced’, Says IMF

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In brief

  • A new IMF report has highlighted the “striking” scale of stablecoin adoption in Nigeria.
  • The IMF warned that adoption sharpens risks including “digital dollarization,” weakening monetary policy, and illicit finance enabled by transactions that evade traditional monitoring.
  • Arguing that…

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