TechFlow news, December 12 — According to Zhitong Finance, an official from the Reserve Bank of India stated in a public speech that stablecoins could exacerbate the risk of domestic currency dollarization, weaken emerging economies' ability to control capital flows, and threaten monetary policy independence. In addition, their circulation might increase credit costs and trigger currency substitution effects. Foreign stablecoins could lead to significant seigniorage revenue losses for many countries.
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