Reserve Bank of India: Countries should prioritize the development of CBDCs over stablecoins

According to Odaily Odaily, the Reserve Bank of India (RBI) stated in its December Financial Stability Report that countries should prioritize the development of central bank digital currencies (CBDCs) over privately issued stablecoins. This is because CBDCs can maintain monetary unity and the integrity of the financial system, and should serve as the final settlement asset and a trust anchor for currency. The report points out that stablecoins may generate new financial stability risks during periods of market stress, while CBDCs offer advantages such as efficiency, programmability, and instant settlement, while possessing the credibility and security of central bank currency. The RBI emphasized that building sovereign digital infrastructure should be prioritized to maintain monetary sovereignty and financial stability. Currently, only Nigeria, the Bahamas, and Jamaica have successfully launched CBDCs. Furthermore, the Indian government indicated in its 2025-2026 economic survey that it is considering stablecoin regulation, while the RBI maintains a cautious stance on crypto assets. (Cointelegraph)