positive
Polygon & Anq Developing Sovereign-backed Stablecoin Tied to Indian Govt Debt
Blockchain firm Polygon and fintech startup Anq are reportedly collaborating on a sovereign-backed stablecoin model in India, backed one-to-one by government securities (G-Secs) and Treasury Bills.
This digital token - called ARC - could act as a stable, regulated asset operating within India’s financial perimeter and complement the digital rupee for programmable payments and tokenised finance.
Companies:
- Polygon
- Anq
Tags:
- crypto
- india
positive
Polygon & Anq Developing Sovereign-backed Stablecoin Tied to Indian Govt Debt
Blockchain firm Polygon and fintech startup Anq are reportedly collaborating on a sovereign-backed stablecoin model in India, backed one-to-one by government securities (G-Secs) and Treasury Bills.
This digital token - called ARC - could act as a stable, regulated asset operating within India’s financial perimeter and complement the digital rupee for programmable payments and tokenised finance.
Companies:
- Polygon
- Anq
Tags:
- crypto
- india
1 min read
55 words
Polygon and Anq plan an Indian stablecoin backed by government securities, not speculation.
Blockchain firm Polygon and fintech startup Anq are reportedly collaborating on a sovereign-backed stablecoin model in India, backed one-to-one by government securities (G-Secs) and Treasury Bills.
This digital token - called ARC - could act as a stable, regulated asset operating within India’s financial perimeter and complement the digital rupee for programmable payments and tokenised finance.
Blockchain firm Polygon and fintech startup Anq are reportedly collaborating on a sovereign-backed stablecoin model in India, backed one-to-one by government securities (G-Secs) and Treasury Bills.
This digital token - called ARC - could act as a stable, regulated asset operating within India’s financial perimeter and complement the digital rupee for programmable payments and tokenised finance.
Companies:
- Polygon
- Anq
Tags:
- crypto
- india
- crypto
- india
- stablecoin
- blockchain
- sovereign