IMF warns Brazil’s stablecoin activity outpaces traditional capital flows
The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows. The International Monetary Fund said Brazil’s crypto asset market, particularly US dollar-pegged stablecoins, has grown rapidly since 2017 and requires closer oversight as cross-border crypto flows grow faster than traditional capital flows. In its…