India's ARC token set to launch in Q1 2026, aims to bolster domestic economy
Key Takeaways
- India's ARC token, a fully collateralized stablecoin pegged 1:1 to the Indian rupee, is set to launch in Q1 2026 to retain liquidity within the domestic economy.
- The ARC ecosystem will use Polygon infrastructure and Uniswap v4 to ensure regulatory compliance and restrict access, complementing the RBI's digital currency.
India’s Asset Reserve Certificate (ARC), a digital asset backed 1:1 by the Indian rupee and developed by Polygon and Anq, is scheduled for release in Q1 2026, CoinDesk reported on Thursday, citing sources with knowledge of the plan.
The rupee-backed stablecoin aims to prevent liquidity outflows into dollar-backed stablecoins and support India’s domestic economy by fostering demand for public debt instruments.
Operating within a two-tier framework, ARC will complement the RBI’s Central Bank Digital Currency (CBDC), maintain monetary sovereignty, and enhance regulatory-compliant financial innovation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects
- XRP faces critical juncture at $1.96 as bearish technical patterns clash with institutional optimism from new ETFs. - Descending triangle breakdown and RSI divergence signal potential 25% drop to $1.55, contradicting ChartNerd's reversal prediction. - Bitwise XRP ETF's $25.7M debut volume injects liquidity but risks accelerating forced selling from 41.5% of supply at a loss. - Analysts debate ETF-driven bullish potential vs. structural risks, with $2.20 support zone and $1.25 price floor as key battlegro
CFTC's Efforts in Crypto Encounter Staffing Shortages and Political Challenges as Selig Approaches Confirmation
- Trump's nominee Michael Selig advanced to Senate confirmation after a 12-11 party-line vote to lead the CFTC amid crypto regulatory debates. - Selig, an SEC crypto expert, emphasized balancing innovation with investor protection and aligning with Trump's pro-crypto agenda during his hearing. - The CFTC faces staffing gaps (543 vs. SEC's 4,200) and political pressure to maintain bipartisan balance while navigating crypto rule harmonization. - Selig deferred resource needs to post-confirmation assessment a
Bitcoin News Update: Cryptocurrency Company Seeks $100 Million Sale Following Founder’s Indictment for Money Laundering
- Crypto Dispensers, a Chicago-based Bitcoin ATM firm, faces a $100M sale amid a federal indictment accusing founder Firas Isa of laundering $10M through its network. - The DOJ alleges Isa converted illicit funds from fraud and drug trafficking into crypto via weak AML controls, despite claims of robust compliance since 2020. - Regulatory scrutiny intensifies as UK/SFO and Europol crack down on crypto fraud, signaling reduced anonymity for criminal transactions in digital assets. - Market uncertainty grows
Ethereum News Update: Ethereum at a Turning Point: Downward Trends Meet Institutional Advancements
- Ethereum faces bearish signals as RSI nears oversold levels and MACD remains below its signal line, risking a break below $3,000 support. - Treasury firms like FG Nexus are selling ETH to fund buybacks, exacerbating downward momentum amid broader market pressures. - BlackRock registers a staked ETH ETF to boost returns via staking yields, attracting $13.1B in inflows since its July 2024 launch. - Fidelity highlights the Fusaka upgrade to enhance scalability and redirect economic activity to layer-1, pote
Trending news
MoreCrypto prices
More
