India Pressed to Act on Stablecoin Rules as Stripe Tempo Launch and $240B Supply Put Pressure on Policy

• Ex-RBI director urges swift stablecoin regulation to avoid crypto-style policy drift.
• Stripe’s Tempo launch shows rising stablecoin use for faster, cheaper business payments.
• Stablecoin supply hits $240B, signaling fresh liquidity inflows into broader crypto markets.

India’s regulatory debate around digital assets sharpened this week after former Reserve Bank of India (RBI) executive director G Padmanabhan urged the government to move faster on stablecoin rules.

Speaking at a curtain raiser for the Global Fintech Festival 2025, he warned that delays could replicate the policy drift seen with cryptocurrencies. 

Padmanabhan, now an advisor to the Payments Council of India, stressed that stablecoins differ from speculative crypto assets and should be treated under a distinct policy framework. He not…

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