Finance
EnglishRBI DG T Rabi Sankar: Stablecoins might shake trust
At the Mint Annual BFSI Conclave 2025, RBI DG T Rabi Sankar said stablecoins might shake up trust in India's currency. He pointed out that stablecoins don’t bring anything special compared to regular money, praising India's smooth payment systems like UPI and RTGS. He laid out four rules to keep things steady and promote cool innovations like CBDCs.
few days ago | Subrata Panda
Quick rundown
1.India's stablecoin policy is driven by domestic priorities.
2.Stablecoins lack the basic attributes of money, says RBI deputy governor.
3.CBDCs are seen as superior to stablecoins for monetary stability.
4.India's payments landscape is already highly efficient with UPI, RTGS, and NEFT.
5.Interoperable CBDC arrangements can enhance cross-border payment efficiency.
