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JUST IN: 🇮🇳 Coinbase CEO argues India should create a regulated rupee stablecoin or risk adoption of dollar-backed stablecoins.

Crypto India

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42,564 次观看 • 10 天前 •via X (Twitter)

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Introducing Coinbase Custom Stablecoins. Create a branded stablecoin for your business, backed 1:1 by collateral custodied by Coinbase. → Earn rewards on activity → Seamless interoperability across chains → Tap into Coinbase’s global distribution

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🇺🇸 SEC. SCOTT BESSENT: STABLECOINS COULD REINFORCE DOLLAR SUPREMACY "I think stablecoins could reinforce dollar supremacy because with stablecoins, stablecoins could end up being one of the largest buyers of US treasuries or T bills. So all of a sudden, if you are using a stablecoin in Nigeria that is backed by the US dollar, you don't actually have to have dollars.” Source: Cointelegraph

🇺🇸 SEC. SCOTT BESSENT: STABLECOINS COULD REINFORCE DOLLAR SUPREMACY "I think stablecoins could reinforce dollar supremacy because with stablecoins, stablecoins could end up being one of the largest buyers of US treasuries or T bills. So all of a sudden, if you are using a stablecoin in Nigeria that is backed by the US dollar, you don't actually have to have dollars.” Source: Cointelegraph

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Anchorage Digital and Tether are proud to bring you USA₮, a federally regulated, dollar-backed stablecoin. Made in the U.S. 🇺🇸

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🇮🇳India isn’t rushing to copy the US GENIUS Act on stablecoins. RBI Deputy Governor T. Rabi Sankar says India already has UPI and the digital rupee, while stablecoins could weaken control over money. Should India move slow for safety, or move fast for innovation?

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Bessent: Stablecoins could become major buyers of U.S. Treasuries. If you're in Nigeria using a dollar-backed stablecoin, you don’t need physical dollars. It’s all on your phone. Crypto might be what locks in U.S. dollar supremacy. 5/

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Glad to see our Hon'ble Finance Minister, Smt. Nirmala Sitharaman ji refer to stablecoins and how countries around the world have just two options: to either explore it or risk exclusion. I personally believe that India should embrace stablecoins! India receives over $125B in remittances annually, and stablecoins can reduce costs from 6-7% to just 1-3% saving us billions in fees. India already has one of the world's best fintech ecosystems and we have a great opportunity to embrace virtual digital assets and further leapfrog in the digital revolution. 🇮🇳💪

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