Post by Vaibhavi Tadwalkar

In this month’s KARM Brief-Case, we focus on the topic currently drawing the most attention - stablecoins and their acceptance in retail transactions. Following the end of the transition period under the CBUAE’s Payment Token Services Regulation (PTSR), dirham payment tokens are taking the centre stage in the UAE’s payments landscape. Alongside this, the release of ADGM’s FRT consultation paper yesterday (more on this soon!) and preparations for the Digital Dirham highlight how regulators are building a coordinated framework for use of stablecoins in the UAE. We’re advising on some fascinating projects across this evolving ecosystem. Truly enjoyed working on this Brief-Case, feel free to reach out! Akshata Namjoshi Arjun Uppal Ahlam Faouzi Harsh Sharma