Can the World Bank & IMF Keep Up With Stablecoins?
The Annual Meeting of the World Bank Group and the International Monetary Fund (IMF) this week (Oct 13-18) arrives at a pivotal moment as stablecoins reshape global finance. Net stablecoin generation surged to $45.6 billion in Q3—a 324% quarterly increase—propelling the sector's valuation to $300 billion. Monthly transaction volumes now exceed $1 trillion, signaling irreversible momentum.
Regulatory clarity from the US GENIUS Act, mandating 1:1 asset backing, has accelerated adoption. While still modest relative to traditional payments, this growth demands urgent institutional response. The IMF and World Bank face mounting pressure to help member states capture stablecoin benefits while containing systemic risks.