Crypto News: Zerodha’s Nikhil Kamath Backs Gold-Backed Stablecoin Over Dollar Crypto for India

The post Crypto News: Zerodha’s Nikhil Kamath Backs Gold-Backed Stablecoin Over Dollar Crypto for India appeared first on Coinpedia Fintech News Nikhil Kamath, co-founder of Indian brokerage firm Zerodha, has publicly warned that dollar-backed stablecoins pose a long-term risk to India’s financial sovereignty, while floating the idea of a gold-backed stablecoin as a potentially more suitable alternative for the country. Posting on X, Kamath explained that the world still runs on the dollar but pointed to …