ARC (ARC) Pre-launch Stablecoin Tracker
ARC
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.
Full launch status and history
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. The tentative January 2026 debut has passed with no RBI confirmation, no live circulating supply, and no ARC mention on anq.finance. Its status was uncertain as of mid-2026. In July 2026 the RBI signaled to a Parliamentary Standing Committee that it favors barring banks and regulated entities from exposure to private stablecoins, including rupee-backed ones, putting the project's regulated-INR-stablecoin premise in question. As of September 13 2026 anq.finance still carries no ARC mention; the Parliamentary Standing Committee on Finance rescheduled its Department of Economic Affairs evidence session on virtual digital assets to September 16 2026. No source supports a 2026 launch, so Pharos removed the expectation on September 13 2026
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Indian Rupee
- Jurisdiction
- India
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RBI signals preference to bar regulated entities from private stablecoins, including rupee-backed
The RBI told a Parliamentary Standing Committee it leans toward prohibiting banks and regulated firms from crypto and private-stablecoin exposure, citing seigniorage and stability concerns. This directly constrains ARC's regulated INR-stablecoin model.
SourceARC 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 for a 1:1 INR peg backed by cash, fixed deposits, and Indian government securities. Its stated purpose is to stem the USD liquidity outflow that India's regulators have been panicking about since USDT volumes on Indian exchanges started dwarfing domestic payment rail throughput. It reads like a mutual fund prospectus, with at regulated Indian banks, 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, and primary will run through KYC-gated issuer rails rather than open market making. The tentative January 2026 debut passed with no RBI confirmation and no live supply, and in July 2026 the RBI told a Parliamentary Standing Committee it favours barring banks and regulated entities from private stablecoins, rupee-backed ones included. 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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