RBI Calls Out Stablecoins, Cheers for CBDCs in Payment Game

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RBI Calls Out Stablecoins, Cheers for CBDCs in Payment Game

So, the RBI just threw shade at stablecoins, saying they bombed the money test—like, no singleness, elasticity, or integrity? Meanwhile, CBDCs are out here flexing with all the vibes and a sovereign guarantee. UPI is totally dominating with 85.5% of payments, while everything else is just... meh. Digital cash is leveling up, folks!