The International Monetary Fund (IMF) has reported that stablecoins are predominantly backed by US Treasuries. This finding highlights the significant role that US government securities play in the backing of these digital assets, which are designed to maintain a stable value relative to a specific currency or basket of goods. The reliance on US Treasuries underscores the integration of traditional financial instruments in the cryptocurrency ecosystem.
IMF Reports Stablecoins Primarily Backed by US Treasuries
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