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Charles Thuo

India to Launch Rupee-Backed ARC Stablecoin with Polygon Labs and Anq in Q1 2026

India is developing the Asset Reserve Certificate (ARC), a rupee-pegged stablecoin, in partnership with Polygon Labs and Bengaluru-based fintech Anq for launch in Q1 2026. The stablecoin will be fully collateralized with cash, government securities, or fixed deposits and will operate alongside the Reserve Bank of India's central bank digital currency. Issuance will be restricted to business accounts under Liberalised Remittance Scheme rules, with transactions limited to whitelisted addresses.
POL
POL-4.60%
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