arc

India is planning to launch an INR-based stablecoin in the near future. The most widely reported and credible project name so far is:
🔹 Asset Reserve Certificate (ARC) ₹ 🤯
What it is: A rupee-pegged stablecoin designed to be backed 1:1 by Indian rupees, with reserves held in cash and government securities (such as treasury bills and G-Secs) to ensure stability and regulatory compliance.
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Official/Proposed Role: It will operate alongside India’s central bank digital currency (CBDC) and is meant to support faster payments, reduce reliance on foreign (USD-pegged) stablecoins, and keep liquidity within India’s financial system.
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Developers/Partners: The project is being built by Polygon Labs (blockchain infrastructure) and Anq Finance (Indian fintech).
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Expected Launch: Targeted for Q1 2026 (around early 2026), though the exact date depends on final approvals and regulatory rollout.
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🪙 Key Features of ARC
1:1 INR Peg: Designed to maintain a stable value tied to the Indian rupee.
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Backed by Sovereign Assets: Backing includes government securities and other high-quality reserves.
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Regulated & Compliant: Issuance and transfers are planned to be within India’s regulatory framework, with controls like whitelists to monitor systemic risk.
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Corporate Use First: Initially focused on business and institutional accounts, not general retail minting.
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📍 Other Mentions (Unofficial / Older Projects)
There have been community-led or lesser-known INR peg projects in the past (like a token called INDT or Indiya Coin (INC) pegged to INR), but these are not widely recognized as future mainstream stablecoins and often lack clear regulatory backing or major ecosystem support. Always check official sources before considering them.
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#ARC #INRStablecoin #INRx #WriteToEarnUpgrade #BTCVSGOLD
Source : Ministry Of Finance , Central Government , India 🇮🇳