RBI flags stablecoin risks, urges countries to prioritise CBDCs over crypto (Soban News)

In its Financial Stability Report, RBI said central bank money must remain the ultimate settlement asset, warning that stablecoins pose macrofinancial risks and can weaken capital controls​In its Financial Stability Report, RBI said central bank money must remain the ultimate settlement asset, warning that stablecoins pose macrofinancial risks and can weaken capital controls ​Latest News [ SOBAN NEWS: International and National ]