RBI Says Stablecoins Are a No-Go for Payments, Buddy!

Finance

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RBI Says Stablecoins Are a No-Go for Payments, Buddy!

Hey there! The Reserve Bank of India is saying stablecoins are like that pizza that looks awesome but tastes like cardboard! They just don’t have the right ingredients—missing the ‘singleness, elasticity, and integrity’ toppings! But CBDCs? Oh, they’re the real deal, like the perfect slice! UPI is also taking over payments like I take over the last slice! Whoa!