International Monetary Fund just dropped a pretty serious warning about stablecoins—they're worried these things might start replacing local currencies and mess with central banks' ability to control their monetary policy. The real concern? Cross-border payments and non-custodial wallets where regulators have almost zero visibility.

Here's a wild stat: 97% of stablecoins out there are pegged to the US dollar. IMF's basically saying governments should think twice before letting any digital asset become legal tender. Meanwhile, adoption is exploding across African markets where people are turning to stablecoins faster than traditional banking can keep up.

The institution's pushing back hard against crypto as official currency, but the reality on the ground tells a different story—especially in regions where dollar access is limited and inflation runs hot. This tension between regulatory caution and grassroots adoption isn't going away anytime soon.