ARC stablecoin to be launched in India in 2026

n the first quarter of 2026, India is scheduled to launch the Asset Reserve Certificate (ARC) stablecoin, which will be pegged to the Indian rupee. The main goal of this project is to prevent the outflow of liquidity into dollar stablecoins, which will help support the country's domestic economy. The ARC token is planned to be put into circulation on a 1:1 basis against the rupee and issued only if it is fully secured by fiat funds or deposits.

Source Minfin

The development of the stablecoin is carried out jointly with the Polygon blockchain and the Indian fintech company Anq. The launch of ARC is expected to boost demand for government debt instruments and complement the Reserve Bank of India's (RBI) digital currency. This two-tiered structure will ensure the country's financial sovereignty, and the stablecoin will provide private companies with access to the latest payment solutions within the framework of Indian law.

The growing popularity of stablecoins, mostly pegged to the US dollar, raises concerns about a possible capital outflow from countries, which increases the need to launch national counterparts. According to CoinMarketCap, as of November 20, the capitalization of stablecoins reached $313 billion, of which the largest share belongs to USDT and USDC tokens.