RBI DG Raises Concerns over Growing Prominence of Stablecoins

RBI DG Raises Concerns over Growing Prominence of Stablecoins

Get latest articles and stories on Business at LatestLY. "Over time, the form of money has evolved with technology - from commodities to metal to paper to balances in deposit accounts to now, digital tokens. While the forms of money have evolved with technology, the fundamental character of money - what it represents, or what gives it credibility - has always been that it represents value that has users' trust," he said. Business News | RBI DG R…

RBI Weighs CBDC Privacy Risks Against Stablecoin Safety, Deputy Governor Sankar States

In a significant address on December 12, 2025, Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar articulated the central bank’s nuanced perspective on the burgeoning digital currency landscape, drawing a distinct line between Central Bank Digital Currencies (CBDCs) and private stablecoins. Sankar emphasized the RBI’s ongoing concerns regarding privacy implications inherent in programmable CBDCs, yet paradoxically suggested that a well-d…