Whalesbook
Ethereum scaling giant Polygon and fintech firm Anq are developing India's Asset Reserve Certificate (ARC), a fully collateralized stable digital asset pegged 1:1 to the Indian rupee. Expected to go live in the first quarter of 2026, ARC aims to retain domestic liquidity by preventing outflows into dollar-backed stablecoins. It will operate alongside the Reserve Bank of India's CBDC, fostering private sector innovation in payments within a regulated framework.