RBI DG T Rabi Sankar: Stablecoins might shake trust

At the Mint Annual BFSI Conclave 2025, RBI DG T Rabi Sankar said stablecoins might shake up trust in India's currency. He pointed out that stablecoins don’t bring anything special compared to regular money, praising India's smooth payment systems like UPI and RTGS. He laid out four rules to keep things steady and promote cool innovations like CBDCs.