Centre planning to 'experiment' with stablecoins before letting people use them: Report
The Centre is planning to "experiment" with stablecoins, a form of cryptocurrency, before allowing people to use them in transactions, Moneycontrol reported. In the upcoming Economic Survey, the government may "present a case" for the recognition of stablecoins as a form of legal tender for some transactions. Stablecoins are pegged to other assets, like commodities or the US dollar.