The macroeconomic stability that India offers along with demographics, political stability, and strong and credible institutional framework is a rare commodity in today’s VUCA (Volatile, Uncertain, Complex & Ambiguous) world.
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi Sankar
Reserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack of unique utility compared to fiat