The data suggests that stablecoins are evolving into practical financial tools rather than speculative assets. Respondents reported using stablecoins to get paid, make purchases, and transfer money internationally, particularly in cases where traditional financial systems are perceived as slow, costly, or unreliable.
According to data released by Mumbai-based exchange CoinDCX, Indian investors are actively buying the dip, effectively ignoring the panic that has gripped the Western markets.
Crypto investors in India hoped the 2026 Union Budget would offer a lifeline. Instead, the government tightened the screws. The Finance Ministry has maintained the controversial 30% flat tax on
The research also revisits the failures of the 2022 crypto lending crisis. Platforms collapsed after operating with high loan-to-value (LTV) ratios, opaque rehypothecation practices, and platform-controlled custody.
Canaan’s shares were trading at around $0.79 at the time of writing. The stock has not traded above $5 since 2022, and last closed above $2 in October, according to market data.
