Visa and Upbit’s Stablecoin Push Raises a Bigger Question for India’s Crypto Payments Market
- Visa and Dunamu are exploring stablecoin payments and cross-border transactions.
- India received $150.7B in remittances in 2025, creating a major potential use case.
- RBI’s cautious stance remains a key barrier to stablecoin adoption in India.
Payment giant Visa’s latest partnership in South Korea has once again brought stablecoins into the spotlight. But now, the focus is shifting to its potential impact in countries like India. While the collaboration between Visa and Dunamu intends to explore stablecoin payments and cross-border transactions, it also raises questions about whether similar payment rails could eventually find a place in India.
The use of stablecoins for cross-border remittances could be more relevant in countries like India where millions of people receive money abroad every year. However, India’s cautious approach towards cryptocurrencies mak…
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