Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
India's first regulated rupee stablecoin; built by Anq with Polygon; 1:1 INR collateralized by cash, fixed deposits, and government securities; designed to prevent USD liquidity outflow; two-tier framework complementing RBI's CBDC; Uniswap v4 whitelisting for compliance
ARC
ARC
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Other
- Jurisdiction
- India
Launch Timeline
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ARC rupee stablecoin announced by Anq and Polygon
India's first regulated INR stablecoin; collateralized by cash, fixed deposits, and government securities; January 2026 debut targeted.
SourceThe Rupee's On-Chain Debut
ARC is India's first attempt at a regulated rupee stablecoin, built by Anq with Polygon's backing and designed to prevent the USD liquidity outflow that India's regulators have been quietly panicking about since USDT volumes on Indian exchanges started dwarfing domestic payment rail throughput. The collateral — cash, fixed deposits, and Indian government securities — reads like a mutual fund prospectus, and the two-tier framework is explicitly designed to complement rather than compete with the RBI's digital rupee CBDC. The Uniswap v4 whitelisting for compliance is a novel technical approach to the 'permissioned token on a permissionless chain' problem. Whether India's regulatory apparatus will actually let a private rupee stablecoin operate alongside its CBDC remains the existential question that no amount of technical architecture can answer.
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