Speaking at the World Economic Forum in Davos, Switzerland, economist Vera Songwe pointed to remittances and inflation hedging as key drivers of stablecoin use across Africa.
IMF News
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The USX stablecoin briefly slipped below its dollar peg on Solana DEXs before recovering after its issuer injected liquidity into secondary markets.
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Four years ago, El Salvador started its ambitious Bitcoin adoption strategy. But in 2025, that plan came to a head with the International Monetary Fund.
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The IMF says negotiations for the sale of El Salvador's wallet are ”well advanced,” but President Nayib Bukele said that his government wouldn't stop buying Bitcoin.
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The fund identified “strong macro-policies and robust institutions” as a response to the potential risks of stablecoins, above a patchwork of global regulations.
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Tokenization promises faster and cheaper markets, but the IMF warns that new risks and government intervention will accompany the shift to programmable finance.
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The launch of the UBI program, utilizing a “digital sovereign bond,” occurred two months after the IMF warned against the island nation using an “untested” digital asset.
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El Salvador says it has bought 1,090 BTC worth over $100 million, raising questions about an IMF loan pledge to limit Bitcoin exposure and fiscal risks.
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The Bitcoin education initiative is closing its local operations and rebranding for a global mission, shifting from teaching students in El Salvador to training educators worldwide.
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Gold has hit its highest share of central bank reserves in decades, potentially shaping Bitcoin’s path as a future reserve asset, according to Deutsche Bank.
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Pakistan has invited international crypto firms to apply for licenses under its regulatory authority PVARA, with strict criteria and global compliance standards.
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El Salvador approved indefinite reelection for president and extended terms to six years, sparking backlash from critics warning of increasing authoritarianism.
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Changes to El Salvador's Bitcoin laws under the IMF agreement put the benefits of BTC even further out of reach for the average resident.
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The IMF report directly contradicts regular posts from El Salvador’s Bitcoin Office that the country is purchasing one BTC per day.
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The IMF has reportedly blocked Pakistan’s plan to use cheap electricity for crypto mining, warning it could destabilize the energy market.
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