COINOTAG News, citing CoinDesk, reports that the fully backed ARC stablecoin—developed by Polygon in partnership with Indian fintech Anq—is positioned for a pilot phase in Q1 2026. The framework centers on a 1:1 INR peg, with minting permitted only after verified reserves are on hand, including cash deposits and cash equivalents such as term deposits and government securities.

Under the model, each ARC token maintains a strict 1:1 INR peg and is minted solely when the issuer holds cash-backed reserves. The mechanism prioritizes visible collateralization and reserve integrity, with market participants awaiting further disclosures on governance, reserve reporting, and regulatory alignment as the pilot progresses.