Bitcoin Loses the Payments War: Stablecoins Take the Lead in Global Settlement

2M ago•

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IMF says fast-growing dollar stablecoins risk weakening monetary sovereignty in emerging markets
Tom Lee calls the IMF stablecoin report confirmation of strong global tokenization momentum
Stablecoin market tops about $312 billion, helped by the US GENIUS Act and on-chain treasury tokens

The International Monetary Fund (IMF) issued a stark warning to global central bankers on December 5, explicitly flagging the $312 billion stablecoin market as a direct threat to the monetary sovereignty of emerging economies.

In its report, Understanding Stablecoins, the Fund acknowledged that while digital dollars streamline settlement, they simultaneously accelerate “cryptoization,” neutralizing the ability of weaker nations to manage their own capital flows.