Finance
Big GuyRBI Says Stablecoins Are a No-Go for Payments, Buddy!
Hey there! The Reserve Bank of India is saying stablecoins are like that pizza that looks awesome but tastes like cardboard! They just don’t have the right ingredients—missing the ‘singleness, elasticity, and integrity’ toppings! But CBDCs? Oh, they’re the real deal, like the perfect slice! UPI is also taking over payments like I take over the last slice! Whoa!
few days ago | Ajinkya Kawale
Quick rundown
1.RBI critiques stablecoins for failing key monetary tests.
2.CBDCs are highlighted as a safer alternative to stablecoins.
3.UPI dominates with 85.5% share in India's payment volume by H2 2025.
4.Retail payments in India surged by 28% from H2 2024 to H2 2025.
5.RBI emphasizes the stability and integrity of the traditional monetary system.
