India Launches ARC: A Sovereign Stablecoin with Potential

India is pioneering a new digital asset known as the Asset Reserve Certificate (ARC), designed to be the first fully sovereign stablecoin. Backed one-to-one by Indian government securities and Treasury Bills, ARC offers stability that distinguishes it from traditional stablecoins backed by foreign assets like US dollar reserves. This innovative token promises a more secure and domestically focused digital financial ecosystem.