IMF Warns: USD Stablecoins Could Trigger "Bank Run" Risk During Crisis
Source:
www.digitalasset.works
The report points out that USD-pegged stablecoins can improve foreign exchange accessibility and reduce transaction costs in environments where banks or official foreign exchange markets cannot meet USD demand; however, during crisis periods, stablecoin prices can serve as real-time signals of USD shortage, accelerating large-scale transfers of funds from local currency to USD assets, triggering systemic risks similar to "bank runs".