Udaibir Das

Udaibir Das, a Distinguished Fellow at the Observer Research Foundation with a rich background at the IMF and the Reserve Bank of India, unpacks the dynamic world of stablecoins. He explains how these crypto-tokens, pegged to fiat currencies, aim to offer stability amidst volatility. Discussions touch on their dual nature in facilitating transactions and their risks in illicit activities. Das also addresses the recent regulatory landscape and the balance governments must strike between fostering innovation and ensuring financial safety, drawing lessons from FTX's collapse.