#AbuDhabiStablecoin Regulatory Authority: The primary regulator for stablecoins within the Abu Dhabi Global Market (ADGM) is the Financial Services Regulatory Authority (FSRA). It has established a specific framework for Fiat-Referenced Tokens (FRTs), which are essentially stablecoins pegged to fiat currencies.
* Focus on Fiat-Referenced Tokens (FRTs): The ADGM's regulatory focus is on FRTs, defined as digital assets that: