November 06, 2024 05:47 (IST)
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Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Mumbai: RBI deputy governor T Rabi Sankar has said that stablecoins —cryptocurrencies pegged to stable assets such as gold or dollar are a bigger cause of worry for economies as it increases the risk of dollarisation.