[IMF: Stablecoins May Accelerate Currency Substitution, Undermining Central Bank Control] BlockBeats News, December 5 – The International Monetary Fund (IMF) warned on Thursday that stablecoins could accelerate currency substitution in countries with weak monetary systems, thereby weakening central banks' control over capital flows. The IMF stated that the rise of dollar-backed stablecoins and their convenient cross-border usage might encourage people and businesses in economically unstable regions to prefer using dollar stablecoins over local currencies.