Indian Rupee-based ARC stablecoin set to launch in 2026
India’s ARC stablecoin will be backed by rupee-denominated government bonds. Learn how it works, who’s behind it, and why it could transform
The ARC project is a collaboration between Polygon, an Ethereum scaling network, and Anq Finance, a domestic fintech firm with expertise in tokenization and MSME (small business) financing. Polygon brings global blockchain infrastructure experience (it already powers tokenization projects for BlackRock, JPMorgan, etc.), while Anq provides local regulatory know-how. Polygon co-founder Sandeep Nailwal has publicly said he is “fully confident” India will launch an INR-backed stablecoin soon. By combining Polygon’s technology with Anq’s understanding of Indian laws, the team hopes to meet RBI guidelines and build trust among users.
