At a major banking and fintech summit, Indian crypto executives called for the rapid issuance of a **rupee-pegged stablecoin**. Leaders from Binance APAC, CoinDCX and Bharat Web3 Association warned that over-dependence on dollar-backed stablecoins could undermine India’s monetary control. They pitched the rupee-stablecoin as a game-changer for remittances, capital efficiency and domestic payments, calling it India’s next “UPI moment” for digital finance.