STABLECOINS | South Africa’s Stablecoin Experience Offers a Policy Lesson for Emerging Markets, Says IMF

South Africa’s stablecoin market shows why emerging-market regulators need to move beyond simply deciding whether to allow or ban digital dollars. The country has seen rapid growth in stablecoin use alongside the emergence of multiple rand-pegged alternatives. Yet the regulatory framework remains incomplete, creating uncertainty over issues such as consumer protection, redemption rights, reserves and the treatment of foreign-currency stablecoins. EXPERT OPINION | The South African Stablecoin Landscape The key policy lesson is that regulatory ambiguity can be […]