Banking system has no alternative
Published on: Dec. 8, 2025, 11:32 p.m. | Source: The Economic Times
Overseas money changers using stablecoins for Indian remittances face unexpected issues. Stablecoins, meant for fast, cheap transfers, are showing instability. Concerns are growing about their regulation and reserve audits. This could impact India, the world's largest remittance recipient. The market's rapid growth presents significant risks for banks and central banks globally.
