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RBI deputy guv warns of stablecoin risks
Financial Express Pune
|December 13, 2025
INDIA NEEDS TO be cautious towards stablecoins,as they pose significant macroeconomic risk while serving no purpose that fiat money cannot,Reserve Bank of India (RBI) Deputy Governor T.Rabi Sankar said on Friday.
“Beyond the facilitation of illicit payments and circumvention of capital measures, stablecoins raise significant concerns formonetary stability, fiscal policy, banking intermediation, and systemic resilience,’ Sankar said. Such tokens are yet to establish the benefits their proponents claim and remain inferior to fiat money, he sai
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