Tag: Africa

IMF Warns Stablecoins Are Displacing National Currencies and Weakening Central Bank Control

By Emir Abyazov Key highlights: IMF warns stablecoins may shift entire nations away from local currencies. New data shows stablecoin growth outpacing global financial safeguards. Dollar-backed stablecoins could reshape fragile economies. The International Monetary Fund (IMF) has raised fresh concerns that stablecoins could accelerate currency substitution in countries with weak monetary systems, potentially undermining central […]

PayPal has expanded its peer-to-peer (P2P) network to allow transfers of crypto assets and stablecoins

By YDN Key Points: PayPal has expanded its peer-to-peer (P2P) network to allow transfers of crypto assets and stablecoins across messaging platforms, emails, and texts. The move targets frictionless money movement, positioning digital cash as effortlessly transferable as a text message. A central focus is the integration of PayPal’s own stablecoin, PYUSD, though support for […]