India launches rupee-pegged digital asset Arc with Polygon and Anq

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.

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, which may impact the broader financial landscape.

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.

Aptos (APT) has seen a 10% increase in value, contributing to a positive performance update from CoinDesk. Additionally, Polygon (POL) has also performed well, rising by 7.9% since Wednesday. This upward trend reflects a broader positive movement among all constituents of the CoinDesk 20 index.

Nvidia's earnings report for Q3 revealed a revenue of $54.8 billion, which could influence market sentiment towards cryptocurrencies. Bitcoin's recent decline towards seven-month lows appears sentiment-driven, while a dovish macroeconomic environment may lead to a relief rally in major cryptocurrencies. The Best Wallet Token, which integrates various features for multi-chain users, is positioned to benefit from this potential shift in market dynamics.

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.

Mastercard is simplifying digital asset interactions for everyday users by introducing email-style wallet IDs through a collaboration with Polygon and Mercuryo. This initiative aims to enhance user experience by making cryptocurrency transactions more accessible and user-friendly.

Mastercard has selected Polygon to facilitate verified username transfers for self-custody wallets. This initiative aims to simplify cryptocurrency transactions by allowing users to replace complex wallet addresses with human-readable usernames, enhancing user experience and security.