How Stablecoins and Other Financial Innovations May Reshape the Global Economy

September 4, 2025--Policymakers will need to achieve a difficult balance between benefits and risks while safeguarding both individual consumers and financial stability
Three years ago, Finance & Development devoted a full issue to anticipating "The Money Revolution," driven by innovations in finance, such as crypto assets. That revolution is now unfolding.

This issue of F&D looks at the new frontiers of finance,where technology,data,and changing societal values are reshaping how people and institutions move money and trade financial assets,who provides liquidity,and where new risks are brewing. We bring together academics and policymakers to assess this complex and politically charged landscape,one that generates excitement and anxiety in equal measure.

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Source: imf.org