The International Monetary Fund (IMF) has raised concerns regarding the rapid adoption of stablecoins in Nigeria, suggesting that efforts to control their use may not be entirely effective. According to the IMF's research, the scale of stablecoin adoption in the country presents heightened risks that could impact the financial system. As stablecoins gain traction among Nigerians, the IMF emphasizes the need for regulatory frameworks that can effectively manage these risks while addressing the growing demand for digital currency solutions.