India’s Finance Minister Calls for Preparation for Stablecoin Adoption

India’s Finance Minister, Nirmala Sitharaman, recently addressed the Kautilya Economic Conclave, urging global nations to prepare for a more prominent role of stablecoins in finance. Recognizing the increasing influence of these digital currencies linked to assets like currencies or precious metals, Sitharaman emphasized the importance of engaging with stablecoins, whether governments are ready or not. She highlighted their growing presence in global finance and the need to adjust financial systems accordingly.