IMF: Technologies such as verification certificates and zero-knowledge proofs can alleviate the potential risks of stablecoins

According to Golden Finance, the latest issue of the International Monetary Fund (IMF) magazine, Finance and Development, focuses on the "stable coins and financial future" and explores the risks and mitigation methods of stablecoins. The article points out that stablecoins face risks such as financial crimes, and may also reduce these risks through technical means, such as combining verification vouchers and zero-knowledge proof to achieve a "privacy first" transaction model. Compared with the Bank for International Settlements (BIS) that directly called stablecoins "unreliable currencies", the IMF's analysis is more balanced, acknowledging risks and proposing potential solutions.