India plans to launch the ARC stablecoin in Q1 2026, led by Polygon and Anq, aiming to integrate within the country’s digital finance framework alongside India’s central bank digital currency.
ARC’s launch is significant for reducing India’s dependency on dollar-backed stablecoins, potentially enhancing rupee liquidity and influencing institutional asset demand.
The ARC stablecoin, led by Polygon and Anq, is set to launch in Q1 2026. It aims to reduce India’s dollar dependency and integrate with the RBI’s CBDC, enhancing India’s digital finance framework.
Polygon and Bengaluru-based Anq are behind ARC, a rupee-backed stablecoin project. Scheduled for 2026, it seeks to anchor value onshore and operate within a newly developed digital finance system.
Institutional Focus: ARC’s Exclusive Stablecoin Target
ARC targets institutional users only, excluding speculative retail access. This limitation is designed to stabilize onshore liquidity and reduce dollar-backed stablecoin outflows.
ARC could drive higher demand for rupee assets, potentially lowering government borrowing costs. Its integration with CBDC marks an innovative regulatory approach for India, balancing liquidity control with tech advancement. According to Rajan Gupta, Financial Analyst, “ARC’s unique backing with rupee-denominated assets could stabilize domestic liquidity and significantly impact government borrowing costs.” Cryptopolitan
US Genius Stablecoin Act: ARC’s Influential Blueprint
ARC’s model follows the US Genius Stablecoin Act, promoting domestic stablecoins amid fears of dollar outflows. This stablecoin contrasts with dominant global options like USDT and USDC.
Experts highlight ARC’s potential role in reshaping emerging market finance. While some critique its centralization, experts acknowledge India’s phased approach as a potential model for others. As Sandeep Nailwal, Co-founder of Polygon, explains, “The launch of ARC represents a significant step toward anchoring value onshore and reducing dependency on dollar-denominated assets.” SCMP
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
