Polygon and Anq Develop India's First Stablecoin Backed by Government Securities Ahead of 2026 Launch
India's Stablecoin Initiative: India plans to launch its first fully collateralized rupee-backed stablecoin, the Asset Reserve Certificate (ARC), in early 2026 to prevent capital flight into dollar-denominated digital assets, which threaten emerging market banking systems.
Twin-Rupee Framework: ARC is designed to complement the Reserve Bank of India's Central Bank Digital Currency (CBDC), maintaining sovereign control over monetary policy while allowing regulated private entities to innovate in payments and smart contracts.
Sovereign-Backed Structure: Each ARC token will be backed 1:1 by Indian government securities, ensuring compliance with local regulations and generating demand for domestic debt instruments, which could lower borrowing costs for the government.
Strategic Response to Dollar Stablecoins: The initiative addresses concerns over capital outflows exacerbated by U.S. regulatory changes, aiming to provide the benefits of stablecoins without the risks of capital flight, while positioning India competitively in the digital asset economy.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00286 | 0.0164 | 0.0265 | 0.04 | 0.0501 | 0.0636 | 0.0737 |
| Fibonacci | 0.0164 | 0.0254 | 0.031 | 0.04 | 0.049 | 0.0546 | 0.0636 |
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