Gupta advocates for INR-backed stablecoins to reduce remittance costs, enhance UPI-linked payments, and strengthen the rupee in the digital economy.
CoinDCX CEO Sumit Gupta has called on the Indian government to adopt INR-backed stablecoins, citing potential benefits such as a 90% reduction in remittance fees, improved UPI-linked payments, and a stronger rupee in the digital economy.