India to Launch ARC Token Stablecoin Backed by Government Securities

November 5, 2025 at 01:00 PMBy CoinPedia

India is preparing to take a major step in digital finance with the development of its first sovereign-backed digital token. Polygon has partnered with fintech firm Anq to build a government-backed digital instrument that could redefine how digital money functions in the country. Unlike private stablecoins tied to the U.S.

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