[The Reserve Bank of India Reiterates Stablecoin Risks Outweigh Benefits, Advocates Prioritizing CBDC Development] In its latest *Financial Stability Report*, the Reserve Bank of India reiterated concerns about the global adoption of stablecoins, stating that the risks stablecoins pose to macro-financial stability outweigh their benefits. The Reserve Bank of India maintains a cautious stance on crypto assets and advocates for countries to prioritize the development of central bank digital currencies (CBDCs) to safeguard financial stability and the foundation of monetary trust.