India plans to launch a debt-supported stablecoin ARC in early 2026

According to CoinDesk, India plans to launch a stable digital asset ARC, 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) and will adopt a two-tier structure, limited to corporate account issuance, aimed at curbing capital flow to dollar stablecoins and supporting domestic debt needs. The mechanism combines Uniswap v4 whitelist control to enhance compliance and safeguard monetary sovereignty.