Pre-launchPharos hasn't ingested data for this one yet.Announced

Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.

India's first regulated rupee stablecoin; built by Anq with Polygon; 1:1 INR collateralized by cash, fixed deposits, and government securities; designed to prevent USD liquidity outflow; two-tier framework complementing RBI's CBDC; Uniswap v4 whitelisting for compliance. The tentative January 2026 debut has passed with no RBI confirmation, no live circulating supply, and no ARC mention on anq.finance — status uncertain as of mid-2026

ARC (ARC) Pre-launch Stablecoin Tracker

ARC

At a Glance

Backing: Real-World Asset Backed
Governance: Centralized (CeFi)
Peg Currency: Indian Rupee
Jurisdiction: India

Launch Timeline

Nov 2025Expected: 2026

Launch Alert

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Activity Timeline

Nov 20, 2025Announcement

ARC rupee stablecoin announced by Anq and Polygon

India's first regulated INR stablecoin; collateralized by cash, fixed deposits, and government securities; January 2026 debut targeted.

Source

The Rupee's On-Chain Debut

ARC is a pre-launch INR stablecoin from Anq, designed for a regulated 1:1 rupee peg backed by cash, fixed deposits, and Indian government securities. ARC is India's first attempt at a regulated rupee stablecoin, built by Anq with Polygon's backing and designed to prevent the USD liquidity outflow that India's regulators have been quietly panicking about since USDT volumes on Indian exchanges started dwarfing domestic payment rail throughput. The collateral — cash, fixed deposits, and Indian government securities — reads like a mutual fund prospectus, with at regulated Indian banks, and the two-tier framework is explicitly designed to complement rather than compete with the RBI's digital rupee CBDC. The Uniswap v4 whitelisting for compliance is a novel technical approach to the 'permissioned token on a permissionless chain' problem, and primary will run through KYC-gated issuer rails rather than open market making. Whether India's regulatory apparatus will actually let a private rupee stablecoin operate alongside its CBDC remains the existential question that no amount of technical architecture can answer.

Updated May 15, 2026