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Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for India

AI Summary
  • ·Zerodha co-founder Nikhil Kamath suggested exploring gold-based stablecoins for India.
  • ·Kamath questioned the long-term suitability of dollar-backed stablecoins for India.
  • ·He proposed a gold-linked stablecoin model to monetize household gold and reduce dollar dependence.
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