
Ashwin Kumar
662 posts



The world still runs on the dollar. But countries are quietly hedging out: buying gold, trading in non-USD pairs, building payment rails outside SWIFT. UPI has been incredible for India to say the least. To friends championing dollar-backed stablecoins, specifically dollar-backed, this seems like a bad idea long-term for India. Credit where due, to Modi govt and regulators, you got this one right in the face of a lot of pressure. On the other hand, if there were a gold-backed stablecoin and one could monetise the unutilised gold sitting in Indian households to return a yield… don’t know enough to talk about this, but thoughts?



West Bengal: TMC leader Kalyan Banerjee shares an audio clip on Facebook with Chief Minister Mamata Banerjee, alleging irregularities during the counting rounds in the Bhawanipur constituency (Source - Kalyan Banerjee Facebook)

WATCH: Mohammad Arif was arrested for allegedly pelting stones at the Jammu Tawi–Kolkata Express in Bihar’s Gaya Ji. RPF identified and arrested him within 8 hours. He has been sent to judicial custody. What punishment should such people face?
















