Brian Armstrong: India Needs Regulated Digital Rupee Stablecoin

Brian Armstrong called on India to launch a regulated Digital Rupee stablecoin modeled on the success of UPI, arguing the move would strengthen the country's digital economy while preserving monetary sovereignty. The Coinbase CEO highlighted how India already proved its ability to build scalable payment rails with UPI and should apply the same disciplined approach to a sovereign-backed stablecoin. This recommendation arrives as global regulators race to define clear rules for stablecoin issuance amid rising institutional demand for compliant on-chain reserves.