Asset Backed Token (ABT)

Similar to a stablecoin, an ABT is a cryptographic asset pegged to another underlying asset (reserve) to maintain a stable value. 

The key difference between stablecoins and ABTs is that it is pegged to a physical asset like oil or gold.

It is important to note that under MiCA’s framework, asset-backed token (ABT) will have no legal meaning in the EU as it falls under a different framework.