IMF First Deputy Managing Director Dan Katz warned that local-currency stablecoins could increase demand for dollar-backed tokens. He said users can swap between them on the same blockchain, which shifts foreign exchange activity away from banks.
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Contact usIMF First Deputy Managing Director Dan Katz warned that local-currency stablecoins could increase demand for dollar-backed tokens. He said users can swap between them on the same blockchain, which shifts foreign exchange activity away from banks.