RBI Takes a Swing at Stablecoins: Not the Real Deal

The Reserve Bank of India just pulled a mic drop on stablecoins, declaring they flunked the money test: singleness, elasticity, and integrity. Meanwhile, our dazzling Central Bank Digital Currency (CBDC) is flexing its muscles, proving it’s the real deal. With UPI snagging a whopping 85.5% of payments, stablecoins can take a back seat. Sorry, not sorry!

Quick rundown

1.RBI critiques stablecoins for failing key monetary tests.

2.CBDCs are highlighted as a safer alternative to stablecoins.

3.UPI dominates with 85.5% share in India's payment volume by H2 2025.

4.Retail payments in India surged by 28% from H2 2024 to H2 2025.

5.RBI emphasizes the stability and integrity of the traditional monetary system.

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