INR Stablecoins Could Save India Billions, Claims CoinDCX CEO
India's financial landscape might be on the brink of a multi-billion dollar revolution—courtesy of rupee-pegged stablecoins.
The Cost of Tradition
Traditional cross-border payments and remittances bleed billions through intermediary fees, processing delays, and exchange rate slippage. Every year, these hidden costs add up, dragging down economic efficiency.
Stablecoins: The Efficiency Engine
INR-backed stablecoins operate on open blockchain networks, settling transactions in minutes—not days. They slash transfer fees, eliminate unnecessary intermediaries, and provide predictable pricing without hidden forex markups.
But of course, bankers won’t like it—fewer inefficiencies mean smaller profit margins.
Looking Forward
As global digital currency competition heats up, India has a chance to lead with its own sovereign-aligned digital currency strategy—saving billions, one transaction at a time.
In a pivotal push for digital innovation in India, CoinDCX CEO Sumit Gupta advocates for INR stablecoins. He argues that the tokens could save billions, opening doors to greater efficiency, reduced costs, and broader financial inclusion nationwide. With the global s... Read More
