Just-In: Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank

An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch up with a boom in digital payments. Speaking at a webinar, Reserve Bank of India ( RBI) deputy governor T Rabi Sankar said that stablecoins

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