According to Bitcoin News, the IMF released Brazil's Financial System Stability Assessment report, stating that Brazil's crypto asset market, especially USD stablecoins, has rapidly expanded since 2017. The growth rate of cross-border crypto capital flows has already surpassed traditional capital flows and nominal GDP. The sensitivity of stablecoin purchases to global market shocks, such as VIX, Bitcoin prices, and the S&P 500, is approximately 2 to 3 times higher than that of traditional securities investments or foreign direct investment capital flows. https://(wublock123.com)/news/imf-brazils-encrypted-cross-border-capital-flow-has-surpassed-traditional-capital-leaving-a-gap-in-stablecoin-regulation-65445