Cross-border stablecoin flows have reached new 2025 highs, surpassing those of Bitcoin and Ethereum for the first time. This has prompted a sharp warning from the International Monetary Fund (IMF). The Fund says the explosive rise of digital dollars could accelerate currency substitution, disrupt capital flows, and pressure emerging-market financial systems. IMF Sounds Alarm as Stablecoin Flows Hit Record Highs and Outrun Bitcoin, Ether The IMF’s latest departmental paper on stablecoins shows that the market has grown rapidly, with total issuance exceeding $300 billion and representing about 7% of all crypto assets
source: https://beincrypto.com/imf-stablecoin-flows-risk-2025/