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Stablecoins pose big risks, serve no real purpose, says RBIs 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 money. He emphasized that these digital tokens do not offer benefits beyond what traditional currency can provide, and India will maintain a cautious approach to such innovations.

12 Dec 2025 5:34 pm