India plans to launch debt-backed stablecoin ARC in early 2026

PANews reported on November 20 that according to CoinDesk, India plans to launch ARC, a stable digital asset anchored 1:1 with the rupee in the first quarter of 2026, jointly developed by Polygon and local financial technology company Anq. ARC will operate on the basis of a central bank digital currency (CBDC), adopt a two-tier structure, and be issued only to corporate accounts, aiming to curb capital flows to U.S. dollar stablecoins and support domestic debt needs. This mechanism combines Uniswap v4 whitelist control to strengthen compliance and currency sovereignty protection.
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