At the recent International Monetary Fund's annual meetings in Washington, D.C., significant concerns were raised regarding the potential risks posed by stablecoins to the global financial system. According to the assessment of specialists presented in the publication, Pierre Gramegna, Managing Director of the European Stability Mechanism, highlighted the urgent need for proper management of these digital assets.
Предупреждение Грамегны о стабильных монетах
Gramegna warned that if stablecoins gain mainstream acceptance without being backed by central bank guarantees, they could pose a substantial risk not only to Europe but to the entire world. This caution aligns with similar concerns expressed by the IMF and the Financial Stability Board about the burgeoning $305 billion stablecoin market, which could disrupt traditional lending practices and diminish the effectiveness of monetary policy.
Риски и необходимость регулирования
While stablecoins are often perceived as safer alternatives to other cryptocurrencies, Gramegna pointed out that their rapid adoption could lead to unforeseen risks if regulatory measures are not implemented. He emphasized the importance of developing stablecoins within a secure framework that protects consumers and financial institutions alike.
Призыв к проактивным действиям ЕС
Furthermore, he urged the European Union to remain proactive in the crypto sector to capitalize on emerging opportunities and mitigate potential threats.
Recent discussions at the IMF meetings highlighted concerns about stablecoins, coinciding with reports of a staggering 300 trillion PYUSD minted on Ethereum. For more details, see this article.
