Reduce friction: Let regulated stablecoins transform India’s remittance economy

Reduce friction: Let regulated stablecoins transform India’s remittance economy

The Reserve Bank of India (RBI) has a digital currency under trial, but it may be time for RBI-regulated rupee-pegged stablecoins to help expand the adoption of blockchain-based money. Stablecoins can make global money transfers more efficient and also enhance India’s export competitiveness.