India is pressing it to act on the Stubcoin Rules as it launches stripe tempo and supplies $240 billion.

India’s regulatory debate on digital assets has keen this week after G Padmanavan, executive director of India, urged the government to move the Stablecoin rules faster.

Speaking at Curtain Razor at Global Fintech Festival 2025, he warned that delays could replicate the policy drift seen in cryptocurrency.

Padmanabang, an advisor to the Indian Payment Council, has emphasized that stubcoins should be treated under a clear policy framework, unlike speculative crypto assets. He pointed out that India cannot afford to ignore global development and not to point out US advances in e-currency frameworks.

He added that if India waits too long, it risks losing its position in global fiscal adjustments. He argued that discussions with regulators should occur behind closed doors to ensure jurisdictional alignment prior to public deployment.

Related: Stablecoin valuation reaches $281 billion: This is the biggest beneficiary

Stripe’s tempo shows the rise in Stablecoin utility in business payments

Padmanavan’s comments came as stripes expanded into the Stablecoin infrastructure. On September 4th, CEO Patrick Collison highlighted how Stablecoins are gaining traction as a faster, cheaper rail for everyday business payments.

This push followed the launch of Tempo, Stripe’s new blockchain network, built with a paradigm designed specifically for Stablecoin transactions. Collison admitted that Stripe had been cautious about crypto payments for most of the past decade, but the adoption forced him to reconsider.

The 2024 acquisition of Bridge, Stripe’s Stablecoin infrastructure provider, gave it the foundation for business-centric tools. Today, Stripe clients are SpaceX to use Stablecoins for cross-border transfers to Latin America’s Dolarapp, which offers Stablecoin-based banking, and even suppliers paid by Argentine importers through Stripe’s dashboard.

Stablecoin Supply records $240 billion, increasing market liquidity

Beyond payments, analysts see Stablecoins as a direct measure of liquidity to the crypto market. Data shows that total supply has risen to a record $240 billion, a sharp rise in the past few months.

According to market analyst DarkFost, each created Stablecoin represents Fiat capital inflows into digital assets, and surges could represent the broader inverse of cryptocurrencies such as Bitcoin and Ethereum.

New entrants are contributing to expansion. Ecena’s ENA has gained even more momentum as it grew into a nearly $14 billion Stablecoin project.

Analysts argue that growth is stable as a key indicator of liquidity, and that its role as a gateway to digital assets is important for traders and institutional allocators now.

Related: Tether Executives advertise stablecoins for remittances as “stablecoin Summer” gets hot