

Keshav Maheshwari
2.2K posts

@withkeshav
AI, Web3 & Commodities | Practical AI, blockchain and prediction for real-world business use.


















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?





