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Rupee stablecoins: Is it time to allow their use?
Mint Kolkata
|November 03, 2025
Should India permit the launch of rupee-pegged digital tokens? A cryptosceptic RBI is best placed to weigh its risks against rewards and articulate a vision for the evolution of money
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As digital money evolves at warp speed, should India allow the regulated use of stablecoins? These digital tokens use the same ledger technology as privately minted crypto coins, but with a key difference: since they are pegged to a country's fiat currency in a ratio of 1:1, they serve as a means of exchange, not investment.
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