India Unveils ARC Stablecoin, Aiming to Diversify Financial Flows by 2026

In a move to bolster domestic financial stability and reduce reliance on USD-backed stablecoins, India is set to launch the ARC stablecoin in early 2026. Developed by Polygon and Anq, this rupee-pegged stable asset will address India’s capital outflow concerns and promote the use of locally-issued digital instruments. This initiative will be overseen by the Reserve Bank of India (RBI) via its Central Bank Digital Currency framework, ensuring robust financial autonomy.