ARC pre-launch stablecoin tracker
ARC is a pre-launch INR stablecoin from Anq, designed for a regulated 1:1 rupee peg backed by cash, fixed deposits, and Indian government securities.
Phase
Current launch phase
Target launch
Earlier target retired
Target drift
2026 target retired Sep 13, 2026
Since announcement
Announced Nov 2025
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSA Rupee Stablecoin Without a Green Light
ARC is Anq's proposed Indian rupee stablecoin, built with Polygon and designed for a 1:1 peg backed by cash, fixed deposits and Indian government securities. A November 2025 CoinDesk report citing unnamed sources described it as India's first regulated INR token. The design keeps the token inside India's regulated payments perimeter: issuance runs through business accounts, transfers are whitelisted, and Uniswap v4 whitelisting carries the compliance check onto a public chain. It is pitched as a two-tier complement to the RBI's digital rupee and as a brake on USD liquidity outflow. The tentative January 2026 debut passed with no RBI confirmation and no live supply. In July 2026 the RBI told a Parliamentary Standing Committee that it favors barring banks and regulated entities from private stablecoins, rupee-backed ones included. With no source supporting a 2026 launch, Pharos removed the launch expectation in September 2026. The architecture is settled on paper; ARC's constraint is whether the RBI will let a private rupee stablecoin operate beside its CBDC.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-11-01
AI policy
ARC Launch path
Announced phase, earlier target retired, none set; 2 milestones logged since Nov 2025.
Target history (1)
- 2026retired Sep 13, 2026
Launch status narrative
Pitched as India's first regulated rupee stablecoin, according to a CoinDesk report citing unnamed sources; 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
Launch status: quick answers
- When will ARC launch?
- Pharos records ARC in the announced phase. It was announced in Nov 2025. An earlier target was retired and no target date is set. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues ARC?
- ARC is a pre-launch INR stablecoin from Anq, designed for a regulated 1:1 rupee peg backed by cash, fixed deposits, and Indian government securities.
- Is ARC live yet?
- Pharos lists ARC as pre-launch (the announced phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
ARC Activity
- Regulatory
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.
Source - Announcement
ARC rupee stablecoin announced by Anq and Polygon
Pitched as India's first regulated INR stablecoin, according to a CoinDesk report citing unnamed sources; collateralized by cash, fixed deposits, and government securities; January 2026 debut targeted.
Source