Polygon and Anq Launch ARC Stablecoin Targeting the Indian Market
ARC Stablecoin Launch: India plans to launch the ARC stablecoin in Q1 2026, developed by Polygon and Anq, to reduce reliance on dollar-backed stablecoins and integrate with the central bank's digital currency framework.
Institutional Focus: ARC will target institutional users only, aiming to stabilize onshore liquidity and reduce outflows of dollar-backed stablecoins, which could lead to increased demand for rupee assets and lower government borrowing costs.
Influence of US Genius Stablecoin Act: The ARC model is inspired by the US Genius Stablecoin Act, promoting domestic stablecoins to mitigate fears of dollar outflows, contrasting with established global options like USDT and USDC.
Potential Impact on Emerging Markets: Experts believe ARC could reshape finance in emerging markets, with its phased approach seen as a potential model for other countries, despite concerns over centralization.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00284 | 0.00635 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00635 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
About the author
