Can Indians earn from idle gold through stablecoins? Why CoinSwitch co-founder sees challenges in Nikhil Kamath’s idea(Soban News)

Nikhil Kamath proposed a gold-backed stablecoin to monetize idle gold in Indian households. CoinSwitch’s Ashish Singhal noted existing global products but highlighted challenges with India’s gold, including regulation, trust, and storage of non-standardized gold assets.

​Nikhil Kamath proposed a gold-backed stablecoin to monetize idle gold in Indian households. CoinSwitch’s Ashish Singhal noted existing global products but highlighted challenges with India’s gold, including regulation, trust, and storage of non-standardized gold assets. by Soban News (international And National News)