Will India Launch an INR-backed Stablecoin?

There is growing anticipation in India’s crypto community about the potential launch of an INR-pegged stablecoin. Polygon CEO Sandeep Nailwal expressed strong confidence in this upcoming development, predicting that it will occur within the next three months. His optimistic prediction stems from a belief in the increasing momentum of India’s crypto industry and the government’s readiness for such a move.