Stablecoins can expand financial access and drive innovation, but also cause currency substitution and market volatility. Global cooperation on regulation is essential. The IMF is working with @FinStdBoard, @BIS_org and others to close gaps and improve oversight. https://www.imf.org/en/blogs/articles/2025/12/04/how-stablecoins-can-improve-payments-and-global-finance(IMF)