Why has the integration of stablecoins into remittance corridors like India been slow?
Replied byBrian Armstrong
Co-founder & CEO at Coinbase
Niche: Cryptocurrency
Revenue: Approx. $ 598.3 Million /month
Location: Remote-First (San Francisco, California, United States)
Started: 2012
India lacks stablecoin off-ramps. The Indian government has historically been disincentivized to support dollar-backed stablecoin ecosystems because they want to protect their tight fiscal policy and maintain monetary sovereignty over the rupee.
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