Stablecoins Complement UPI, Not Compete: Coinbase APAC MD
The Managing Director of Coinbase APAC spoke to The Economic Times, discussing the role of stablecoins in India. He emphasized that stablecoins complement Unified Payments Interface (UPI) rather than competing with it.
Stablecoins are digital currencies pegged to a fiat currency and designed to maintain a stable value. They have gained popularity globally, but their potential in India is still being explored.