IMF: Technologies such as verifiable credentials and zero-knowledge proofs can mitigate potential risks of stablecoins
Jinse Finance reported that the latest issue of the International Monetary Fund (IMF)'s "Finance & Development" magazine focuses on "Stablecoins and the Future of Finance," exploring the risks of stablecoins and mitigation methods. The article points out that stablecoins face risks such as financial crime, but these risks can also be reduced through technological means, such as combining verifiable credentials and zero-knowledge proofs to achieve a "privacy-first" transaction model. Compared to the Bank for International Settlements (BIS), which previously labeled stablecoins as "unreliable currencies," the IMF's analysis is more balanced, acknowledging the risks while also proposing potential solutions.
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