#AbuDhabiStablecoin

stablecoins in Abu Dhabi:

1. Regulatory Framework:

In November 2023, the Financial Services Regulatory Authority (FSRA) of ADGM released comprehensive regulations for stablecoins, allowing fully backed fiat-referenced stablecoins to be issued and used under strict guidelines. These stablecoins must be:

Fully backed by high-quality, liquid fiat reserves.

Issued by licensed financial institutions.

Transparent in operations and audits.