A rupee-backed #stablecoin could serve as a valuable complement to the RBI’s digital currency ( $INRx ), offering #India significant economic advantages 🌐.
Key benefits of such a 1:1 INR-pegged token include:
Low transaction costs 💰, enabling efficient domestic and cross-border payments.
Stability 📊, providing a #crypto asset tied to the official currency’s value.
Financial innovation 🚀, promoting wider adoption of blockchain technology while bolstering #India ’s position in the global digital economy.
This initiative could drive modernization in India's financial ecosystem, aligning with its goal of becoming a #digital powerhouse 🌟.