According to @simplykashif, India plans to launch the ARC stablecoin in Q1 2026 with 1:1 Indian rupee backing and minting limited to cash, fixed deposits, or government securities, while the RBI’s digital rupee acts as the final settlement layer and private players build the payments and innovation layer on top (source: @simplykashif). According to @simplykashif, ARC aims to prevent liquidity from moving into dollar-backed stablecoins, support the domestic economy, and create demand for public debt, following India’s partial rupee convertibility rules (source: @simplykashif). According to @simplykashif, only business accounts can mint ARC to remain LRS-compliant, and the US Stablecoin Act has increased concerns about capital flight from emerging markets (source: @simplykashif).