Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for India
- Posted on May 11, 2026
- By Business News Today
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- 1 min read
Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for India
Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-linked stablecoin. He said such a model could monetise idle household gold holdings while reducing dependence on dollar-dominated digital financial systems and supporting Indias strategic interests.
