CoinWorld News reports that the International Monetary Fund (IMF) stated that stablecoins can expand the coverage of financial services and promote innovation, but they may also trigger currency substitution effects and market volatility risks. Therefore, regulatory cooperation on a global scale is crucial. Currently, the IMF is collaborating with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to fill regulatory gaps and strengthen industry oversight.

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