India’s Central Bank Calls On Countries To Prioritise CBDCs Over Privately Issued Stablecoins, Arguing CBDC Preserve The Integrity of Financial System
Reserve Bank of India (RBI) has called on governments worldwide to prioritize central bank digital currencies (CBDCs) over privately issued stablecoins, arguing that CBDCs can deliver the same financial benefits as stablecoins — including speed, efficiency, and programmability — without destabalising the whole financial structure of the country.