India's Asset Reserve Certificate (ARC), a stable digital asset developed by Polygon and Anq, is slated for a Q1 2026 launch. The ARC token will maintain a 1:1 parity with the Indian rupee, minted through cash or government securities. This initiative aims to enhance liquidity within India and support the Reserve Bank of India's CBDC by operating under a two-tier framework, with the CBDC as the settlement layer. The ARC token will facilitate private sector innovation in payments and remittances, aligning with rupee partial convertibility. Token swaps will be restricted to whitelisted addresses via Uniswap v4, addressing concerns over capital outflows to dollar-backed stablecoins.