In Dakar, an international conference brought together central bank governors and digital experts on May 8, 2026, to analyze the rise of stablecoins and their effects on monetary policy, financial stability, and the banking architecture of the continent.
In a context where crypto-assets are gradually reshaping global financial circuits, Dakar hosted on May 8, 2026, a high-level meeting dedicated to a question that has become central: can stablecoins coexist with traditional monetary policies without weakening their foundations?
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The theme of the conference, “Emergence of stablecoins: implications for monetary policy and financial stability,” places at the heart of the debates the ability of central banks to maintain control over monetary transmission in the face of digital instruments backed by currencies but operating outside traditional circuits.
Among the speakers, the governor of the BEAC, Yvon Sana Bangui, shared the platform with his counterparts from the Central Bank of Sierra Leone, Ibrahim Lahai Stevens, and the Central Bank of Kenya, Kamau Thugge. Their presence illustrates a common concern: the rise of digital assets likely to accelerate financial disintermediation and profoundly change the structure of bank balance sheets.
The discussions were technical but decisive. Transmission of monetary policy, liquidity circulation, monetary sovereignty: all topics that were reconsidered in light of the emergence of stablecoins, whose promise of stability hides regulatory challenges still open.
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The keynotes enriched these discussions. Digital finance expert Oumar Diallo provided an operational reading of uses, while Luca Ricci, from the IMF for UEMOA, analyzes the regional macroeconomic implications.
In a rapidly transforming African financial system, the Dakar conference thus stands as a moment of clarification: where central banks seek to anticipate rather than endure the ongoing digital monetary revolution.
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