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India’s INR Stablecoin Push Raises a New Dollarization Risk

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Amid the growing popularity of stablecoins, India is increasingly exploring the launch of a rupee-backed cryptocurrency despite the government’s cautious stance. With this move, the country intends to bring the local currency further into t…

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India’s INR Stablecoin Push Raises a New Dollarization Risk
CoinEdition Aug 8, 14:44 UTC

India’s INR Stablecoin Push Raises a New Dollarization Risk

Amid the growing popularity of stablecoins, India is increasingly exploring the launch of a rupee-backed cryptocurrency despite the government’s cautious stance. With this move, the country intends to bring the local currency further into t…