PANews reported on November 20th that, according to CoinDesk, India plans to launch ARC, a stable digital asset pegged 1:1 to the rupee, in the first quarter of 2026. Developed jointly by Polygon and local fintech company Anq, ARC will operate on the basis of a central bank digital currency (CBDC), employing a two-tier structure and limited to corporate accounts. Its aim is to curb capital flows to dollar-denominated stablecoins and support domestic debt needs. This mechanism, combined with Uniswap v4 whitelist controls, strengthens compliance and monetary sovereignty protection.PANews reported on November 20th that, according to CoinDesk, India plans to launch ARC, a stable digital asset pegged 1:1 to the rupee, in the first quarter of 2026. Developed jointly by Polygon and local fintech company Anq, ARC will operate on the basis of a central bank digital currency (CBDC), employing a two-tier structure and limited to corporate accounts. Its aim is to curb capital flows to dollar-denominated stablecoins and support domestic debt needs. This mechanism, combined with Uniswap v4 whitelist controls, strengthens compliance and monetary sovereignty protection.
India plans to launch its debt-backed stablecoin ARC in early 2026.
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PANews reported on November 20th that, according to CoinDesk, India plans to launch ARC, a stable digital asset pegged 1:1 to the rupee, in the first quarter of 2026. Developed jointly by Polygon and local fintech company Anq, ARC will operate on the basis of a central bank digital currency (CBDC), employing a two-tier structure and limited to corporate accounts. Its aim is to curb capital flows to dollar-denominated stablecoins and support domestic debt needs. This mechanism, combined with Uniswap v4 whitelist controls, strengthens compliance and monetary sovereignty protection.
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