RBI: Countries Should Prioritize CBDC Development Over Stablecoins

Odaily News The Reserve Bank of India 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 anchor of monetary trust. The report pointed out that stablecoins may introduce new financial stability risks during periods of market stress, while CBDCs, while offering advantages such as efficiency, programmability, and instant settlement, possess the credibility and security of central bank money. The Reserve Bank of India emphasized that to safeguard monetary sovereignty and financial stability, priority should be given to building sovereign digital infrastructure. Currently, only Nigeria, the Bahamas, and Jamaica have successfully launched CBDCs globally. Furthermore, the Indian government indicated in its 2025-2026 Economic Survey that it is considering stablecoin regulation, while the Reserve Bank of India maintains a cautious stance towards crypto assets. (Cointelegraph)