IMF: CBDCs Are Better Than Stabecoins

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that well-designed digital central bank coins (CBDC) would be much more advantageous than stabecoins.

on February 9 Making a statement at the event hosted by the Atlantic Council, IMF Managing Director Kristalina Georgieva said that well-designed CBDCs could potentially be replaced by stabecoins. can offer greater flexibility, security, usability and lower cost. told.

Georgieva noted that there is a lot of global interest in CBDCs and that there are currently about research of 100 countries, under testing or use said that. He also stated in his statements that the IMF is conducting CBDC research and providing technical support to many member countries in the development of CBDCs.

Stating that a new start is about to be made in the history of money, Georgieva said that while countries are designing new digital money formats, basic features of monetary and financial systems also trying to protect told.

In addition, the IMF is concerned with central bank digital currencies. your new report published.

The report states that the digital currency is being traded or is in the final stages of testing. China, Sweden and the Bahamas including in 6 countries applications were reviewed.

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