IMF warns rising stablecoin use could weaken Naira demands
TheInternational Monetary Fund(IMF) has warned that the growing use of US dollar-denominated stablecoins in Nigeria could weaken demand for the naira, and undermine the effectiveness of the country’s monetary policy framework. IMF observed in a report titled “Stablecoins in Nigeria: A Growing Cross-...
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Verified on Jun 16, 2026