Backed By Central Bank Digital Currency

INRC maintains a stable value by pegging it directly to the Indian Central Bank Digital Currency (CBDC), acting as a bridge between volatile crypto assets and fiat currencies. Users holding e-₹ (digital rupees) in their CBDC wallets can seamlessly mint INRC using a designated smart contract. This contract ensures the 1:1 peg between INRC and e-₹ and facilitates the redemption of the stablecoin for the underlying CBDC.

Why Businesses Chose INRC ?

Making Decentralised Finance (DeFi) easy to access for Indian businesses and users.

Exchanges

INRC enables seamless conversion and empowers over one billion digital payment-friendly Indians through trading pairs on both decentralised and centralised exchanges.

Market Maker

INRC stablecoin provides opportunities across various platforms, including centralised virtual digital assets exchanges, NFT marketplaces, real-world asset tokenization, and decentralised exchanges.

Web3 Platform

INRC payment gateway integration facilitates hassle-free on-chain transactions and instant web3 trade settlements..

INRC for 
Businesses

INRC brings new opportunities for web3 businesses in acquiring the first CBDC-backed stablecoin. Interact with VDAs by using INRC without compromising stability and security. Exchanges can provide better P2P services on top of INRC to their users.

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INRC for
Retailers

Indian Web3 users say adios to Peer-to-Peer scams & higher margins while acquiring stablecoin. Mint your stablecoin using CBDC in a secure manner.

Roadmap

2024 Q3

Website

Litepaper

Team building

Smart Contract

2024 Q4

Infra

KYC for Users

CBDC integration

FAQ

A stablecoin is a digital asset issued by a company on a public blockchain, which is pegged to an asset like stable fiat currencies and central bank digital currencies (CBDCs), facilitating virtual digital assets (VDAs) transactions.

Stablecoins provide stability compared to free-floating VDAs like Bitcoin, Ethereum, Cardano, Solana, etc. They are pegged to assets, while other VDAs vary in value.

INRC maintains a stable value by pegging it to Indian CBDC, offering a bridge between volatile crypto assets and fiat currencies. A user with CBDC (e-₹) and digital asset wallets can mint INRC using CBDC.

Yes, stablecoins can be pegged to various assets, including commodities, VDAs, or a basket of currencies, led by algorithms to adjust supply based on demand. However, these algo stablecoins are riskier than collateralised stables.

Regulation varies from country to country. Because of uncertain regulation, stablecoin poses risks to consumers and markets, considering a stricter global VDA framework.

Stablecoins or Virtual digital assets are not regulated in India as of now. However, registration with the Financial Intelligence Unit (FIU) is mandatory for VDA businesses to operate in the Indian market. FIU has published guidelines for streamlined and compliant operations.

Yes, many central banks are exploring central bank digital currencies (CBDCs) on their private blockchain, but they don't interact with public blockchains and other VDAs. E.g., RBI issues e-₹ (CBDC).

Yes, INRC works on top of the public blockchain where all its transactions are publicly available.