there can be an efficient b2b reserve + payment economy for jewelers and gold traders. have some deeper thoughts why there is a India play beyond XAUT by tether (ofcourse, staying away from the regulators m)
thanks! stablecoins in India are a tough one - need FIU approval etc. plus RBI frowns on that. GIFT City as a vehicle is fine, but don’t know regulations around gold peg for there. but it’s an interesting POV.
@Osborne Saldanha - very well summarized. What are your thoughts on launching gold backed stablecoin from GIFT city?
there can be an efficient b2b reserve + payment economy for jewelers and gold traders. have some deeper thoughts why there is a India play beyond XAUT by tether (ofcourse, staying away from the regulators m)
thanks! stablecoins in India are a tough one - need FIU approval etc. plus RBI frowns on that. GIFT City as a vehicle is fine, but don’t know regulations around gold peg for there. but it’s an interesting POV.