Will Polygon and Anq Redefine India’s Digital Finance?
Key Takeaways: Blockchain network Polygon and fintech startup Anq are collaborating on a pioneering sovereign-backed stablecoin model in India. Tentatively named the Asset Reserve Certificate (ARC), this initiative aims to create a digital asset fully backed by Government of India securities (G-Secs) and Treasury Bills, potentially transforming India’s digital financial landscape. Sovereign-Backed Stability Unlike typical…