As reported by Coindesk, India's Asset Reserve Certificate (ARC), a stable digital asset developed by Polygon and Anq, is expected to launch in Q1 2026. Each ARC token will trade 1:1 with the Indian rupee and be minted using cash or government securities. The token aims to retain liquidity within India and complement the Reserve Bank of India's CBDC. It will operate under a two-tier framework, with the CBDC as the settlement layer and private sector innovation in payments and remittances. ARC will align with rupee partial convertibility and restrict token swaps to whitelisted addresses via Uniswap v4. The initiative responds to concerns over capital outflows to dollar-backed stablecoins.
India's Debt-Backed ARC Token Aims for Q1 2026 Launch
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