RBI Slams Stablecoins, Backs CBDC Like a True Champion

Gather 'round, folks! The Reserve Bank of India just laid the smackdown on stablecoins, declaring they bombed the money test—no singleness, no elasticity, and zero integrity! Instead, they’re rallying behind the Central Bank Digital Currency, the real heavyweight champ of the money ring! UPI is flexing hard too, owning a whopping 85.5% of payments! Can you smell what the RBI is cooking?