Too Long; Didn't Read
IMF recently released a [report] warning about the risk of [cryptoization] in emerging markets where residents opt to use crypto assets instead of their local currency. The largest USD stablecoin, Tether, has seen a notable [rise] in trading volumes against emerging market currencies. While El Salvador was the first country to make bitcoin legal tender in 2021, crypto trading volumes have [increased] due to the lockdowns in 2020. And the most recent illustration of bitcoin adoption is from Africa.