RBI Sees Stablecoins As Threat, Pushes CBDC Vision
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While stablecoins have gained more than $100 billion in 2025 to peak at $307 billion according to DefiLlama, India is taking the opposite direction. The Indian central bank (RBI) states that only a sovereign digital currency guarantees monetary stability. In a global landscape where CBDCs struggle to impose themselves, New Delhi erects the e-rupee as a bulwark against the privatization of money.
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