India to Launch Rupee-Pegged ARC Stablecoin in Early 2026

India will introduce the ARC stablecoin, pegged 1:1 to the rupee, in early 2026, according to project documentation. Developed by Polygon and fintech firm Anq, the digital asset aims to reduce capital outflows to USD-backed stablecoins and support domestic debt needs. The Reserve Bank of India will oversee operations through its Central Bank Digital Currency framework using a two-tier corporate account structure.