Stablecoins & CBDC

IMF - NOTE- 2026 -006 The Rise of Tokenization Deciphering New Trends in Payments

IMF note on how tokenization of payments and assets is reshaping market structure, risk management, and financial stability. It examines blockchain design, interoperability, and policy trade-offs around tokenized deposits and stablecoins.

Topics: payments, stablecoins, tokenization, interoperability, regulation

More in Stablecoins & CBDC

A Stablecoin Thats Actually Stable - A Portfolio Optimi — Proposes a portfolio optimization approach to design a stablecoin with stronger price stability than single-asset pegs, emphasizing reser...
FTN011 - Central Bank Exploration of Tokenized Reserves (2025) — Reviews central bank research into tokenized reserves, focusing on how reserve tokenization could support settlement efficiency, interope...
NBER - Stablecoins A Revolutionary Payment Technology with Financial Risks — Analyzes stablecoins as a potentially transformative payment technology, while emphasizing their vulnerabilities around runs, reserve qua...
Wharton - The Stablecoin Toolkit Part I — Academic primer outlining the core design choices, risks, and policy trade-offs of stablecoins, with emphasis on how reserve structures, ...