Sources: India’s debt-backed ARC Token is tentatively set to launch in the first quarter of 2026.

Golden Finance reported that sources revealed that India's Asset Reserve Certificate (ARC) - a fully collateralized stable digital asset jointly developed by Ethereum scaling and infrastructure giant Polygon and Indian fintech company Anq - is expected to launch in the first quarter of 2026. Insiders have stated that each ARC token will be traded at a 1:1 ratio with the Indian Rupee, and the token will only be minted when the issuer receives cash or cash equivalents (such as time deposits, government securities, or cash balances). This mechanism ensures transparency, security, and compliance, addressing the shortcomings often found in foreign-backed stablecoins or speculative tokens. Essentially, the design intention of ARC is to prevent liquidity from flowing into USD-backed stablecoins, keeping liquidity and innovation within the Indian domestic economic system while promoting demand for public debt instruments.