India plans to launch debt-backed stablecoin ARC in early 2026
ChainCatcher news, according to CoinDesk, India plans to launch a stable digital asset ARC, pegged 1:1 to the rupee, in the first quarter of 2026. ARC is jointly developed by Polygon and local fintech company Anq.
ARC will operate on the basis of the central bank digital currency (CBDC) and adopt a two-tier structure, issued only to corporate accounts. It aims to curb capital flows into dollar stablecoins and support domestic debt demand. This mechanism combines Uniswap v4 whitelist controls to strengthen compliance and safeguard monetary sovereignty.
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