RBI Declares Stablecoins a No-Go, UPI Shines Bright!

The Reserve Bank of India (RBI) recently declared that stablecoins just can’t keep up with the real deal of money! Instead, they’re all about the Central Bank Digital Currency (CBDC), which promises a smoother ride. Meanwhile, UPI is stealing the spotlight, making a whopping 85.5% of payments! So, stablecoins, step aside—UPI is the superstar here!