India Launches ARC Token: A Sovereign Solution to Reduce Dollar Dependence

To lessen reliance on dollar-backed stablecoins, India is launching the Asset Reserve Certificate (ARC). This rupee-backed stablecoin aims to keep digital liquidity within the country. Developed by Polygon and Anq, ARC will be limited to corporate accounts, integrated with the RBI’s Central Bank Digital Currency (CBDC), and backed by cash, fixed deposits, or government securities. A Q1 2026 release is expected. 1:1 value link between ARC tokens and the Indian rupee ensures stability and transparency.