India’s government may consider stablecoin framework, diverging from RBI

India's government is contemplating a regulatory framework for stablecoins, diverging from the Reserve Bank of India's cautious stance on cryptocurrency. This consideration indicates a potential shift in the country's approach to digital currencies.

The ARC token is set to launch in India in the first quarter of 2026, with the aim of enhancing the country's financial autonomy, promoting local investments, and decreasing dependence on foreign digital currencies.

India is set to launch a regulated, rupee-pegged digital asset called the Asset Reserve Certificate (ARC) in early 2026, in collaboration with Polygon and Anq. This debt-backed token will be linked 1:1 to the Indian rupee, marking a significant step in the country's cryptocurrency landscape.

India's ARC Token, which is backed by debt, is reportedly set to debut in the first quarter of 2026, according to sources. This development marks a significant step in the country's cryptocurrency landscape, as it aims to integrate traditional financial mechanisms with blockchain technology.