Circle Internet Financial has expressed strong support for the initiative by Abu Dhabi's financial regulator, the Financial Services Regulatory Authority (FSRA), to establish a regulatory regime for fiat-referenced tokens (FRTs) in the Abu Dhabi Global Market (ADGM). Circle commended the FSRA's approach of engaging with the private sector through an open consultation process to shape these regulations, emphasizing the necessity of setting specific standards for reserve management and composition to harness the potential of digital currencies in the real economy. The company highlighted the importance of creating a clear regulatory path for global issuers to market their tokens within the ADGM, suggesting this framework should align with major financial jurisdictions to encourage cross-border coordination of stablecoin rules. Circle's response to the consultation included detailed feedback on various aspects of the proposed framework, reflecting the company's commitment to responsible financial services innovation and regulatory engagement. This engagement underscores Circle's advocacy for a regulatory balance that ensures innovation while maintaining consumer protection and financial stability, aiming to make digital currency benefits accessible globally.