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India is about to take big action! In the first quarter of 2026, a digital asset called ARC is set to launch, directly pegged to the rupee at a 1:1 ratio. This thing was developed by Polygon and Anq together.
Interestingly, its operation method adopts a "two-layer" architecture. The central bank's CBDC in India is responsible for final settlement at the lower layer, while the upper layer is left to private platforms, which can handle programmable payments and cross-border remittances. However, the minting authority is tightly controlled and only open to corporate accounts.
The technical aspect has adopted the hooks mechanism of Uniswap v4. This combination not only preserves the central bank's control over the monetary system but also leaves room for innovation in the market. This move by India is exploring the balance between traditional finance and decentralized finance.