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National News

The Times of India News

National / The Times of India

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Stablecoins unstable, pose major fin risks: RBI deputy governor

RBI Deputy Governor T Rabi Sankar warned that stablecoins pose significant macro-financial risks, including currency substitution and weakened monetary policy. He argued they lack the essential features of modern money, such as fiat status and singleness, and could undermine India's financial architecture. Sankar highlighted that their purported benefits are largely unproven, with domestic systems already offering superior payment solutions.

13 Dec 2025 9:09 am