IMF warns Brazil’s stablecoin activity outpaces traditional capital flows
IMF warns Brazil’s stablecoin activity outpaces traditional capital flows
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The International Monetary Fund (IMF) has highlighted the rapid expansion of Brazil's stablecoin market since 2017, noting that cross-border crypto flows are now growing at a faster rate than traditional capital flows within the country.
The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows.