India Unveils ARC Token: A Sovereign Stablecoin for Domestic Digital Economy

India is forging ahead with its ambitious plan for a sovereign-backed digital asset, known as the Asset Reserve Certificate (ARC), per Times of India. This stablecoin will be backed by Indian government securities and Treasury Bills, marking a significant shift in the country’s approach to digital finance. The ARC is expected to debut as early as the first quarter of 2026. )