RBI dey push CBDCs over stablecoins to protect monetary stability

India Reserve Bank (RBI) warn say private stablecoins fit cause systemic wahala and dem say central bank digital currencies (CBDCs) suppose be priority as sovereign settlement asset. For dia Financial Stability Report, RBI estimate say global stablecoin market reach about $300 billion by end-2025 and say issuance dey concentrated for small number of issuers, plenty times supported by government bonds. Bank highlight risk wey fit come from sudden mass redemptions wey fit force fire sales of reserves, increase volatility, make peg collapse, cause deposit run comot from banks, make people bypass capital controls and raise risks for illicit finance. RBI compare stablecoins with CBDCs and talk say CBDCs preserve monetary singleness and sovereignty, while dem still give instant settlement, faster payments and programmability without shaking financial stability. Report note India still get broad macro resilience — healthy domestic demand, easing inflation and banks wey well-capitalised — but e point pockets of risk for unsecured retail lending, fintech credit and microfinance. RBI urge jurisdictions make dem assess stablecoin risks and design policy response as stablecoin issuance and cross-border financial linkages dey grow. Key matter for crypto traders: regulatory scrutiny on private stablecoins go increase, possible limits on cross-border stablecoin flows, and stronger policy preference for sovereign CBDCs — all these fit affect stablecoin liquidity, peg reliability and stablecoin-linked trading strategies.