PANews reported on December 12th that, according to Zhitong Finance, the Deputy Governor of the Reserve Bank of India stated in a public speech that stablecoinsPANews reported on December 12th that, according to Zhitong Finance, the Deputy Governor of the Reserve Bank of India stated in a public speech that stablecoins

Reserve Bank of India Deputy Governor Warns of Stablecoin Risks

2025/12/12 18:03

PANews reported on December 12th that, according to Zhitong Finance, the Deputy Governor of the Reserve Bank of India stated in a public speech that stablecoins may exacerbate the risk of local currency dollarization, weaken emerging economies' ability to regulate capital flows, and pose a threat to the independence of monetary policy. Furthermore, their circulation could drive up credit costs and trigger a currency substitution effect. Foreign stablecoins could lead to a loss of seigniorage revenue for many countries.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.