Stablecoins are clearly among the big winners of 2025 in the crypto sector, more and more companies are thinking about using them or even creating new stablecoins, while their total market capitalization already exceeds $321 billion.
In the US, the GENIUS Act passed in July 2025 provided a clear regulatory framework, accelerating institutional adoption. while the annual transaction volume is expected to exceed the turnover of traditional card payment systems. The International Monetary Fund (IMF) has chosen this moment publish a 56-page reportin which the most important risks, according to the organization, related to the introduction of stablecoins are presented in detail.
The International Monetary Fund also doesn’t like to lose control
The IMF is not the first to criticize stablecoins, nor do central banks and other international financial organizations like the rapid spread and popularity of stablecoins. In an unsurprising twist, they are concerned about the lack of control of central organizations and would rather see the introduction of a central bank digital currency (CBDC) as a good option. The document states that stablecoins threaten a country’s ability to exercise full control over its own currency and monetary policy. This is a rather one-sided position, because stability can be guaranteed in the future. Central money and stablecoins have coexisted until now.
In line with recent reports from the European Central Bank (ECB) and the Bank for International Settlements (BIS), the IMF also stated that under certain circumstances, if stablecoins were to collapse, central banks would be forced to intervene, threatening financial stability. This assumption does not take into account that the majority of people already live in an extremely unstable fiat economy, where it is no longer easy to talk about financial stability. Suffice it to look at Hungary, where people have been forced to live with inflation consistently above 5% in recent years.but starting from Turkey through Argentina, Venezuela, Haiti or even Ghana we could speak of fiat economies in a terrible state.
This is exactly why people are turning to the crypto sector and stablecoins. Stablecoins are not the problem, but these coins offer an answer to a problem. In its analysis, the IMF is also concerned that stablecoins could be used for illegal purposes, such as money laundering and terrorist financing, because they can be used anonymously, have low transaction fees and are easily transferred across borders.
The same can be said for the US dollar. The US Treasury Department released a report in 2024 in which he declaredthat the U.S. dollar remains a popular method for transporting and laundering illicit proceeds both within and outside the United States. The influential billionaire founder of Mexico’s Grupo Salinas, Ricardo Salinas Pliego, has previously said that central reports like the current one are clearly born out of fear. The central power actors are very afraid of losing the power and money they have had for centuries. This is the whole point of the anti-cryptocurrency and anti-Bitcoin campaign. After all, what central bank is happy to see the power to issue and control money shift from institutions to open systems that anyone can build?
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