Stablecoins: BEAC aims to create a digital CFA franc to limit the influence of the dollar

The Bank of Central African States (BEAC) plans to create a digital CFA franc to safeguard the monetary sovereignty of CEMAC against dollar-denominated stablecoins. During a conference in Dakar, Governor Yvon Sana Bangui stated that the digital currency would be strictly pegged to the CFA franc. The BEAC is also working with the IMF to develop a regional regulatory framework.