IMF warns that Brazil’s stablecoin activity is outpacing traditional capital flows
The IMF said Brazil’s stablecoin market has grown rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows. The International Monetary Fund said Brazil’s market for crypto assets, particularly U.S. dollar-pegged stablecoins, has grown rapidly since 2017 and requires closer monitoring as cross-border crypto flows are growing faster than traditional capital flows. … Read more
