Asset-referenced token (ART)
A type of crypto-asset that is not an electronic money token and that purports to maintain a stable value by referencing another value or right or a combination thereof, including one or more official currencies.
As defined in the MiCA Regulation.
See also crypto-asset and e-money tokens.
Hence, an asset-referenced token is a stablecoin which is not supposed to be pegged to fiat money, in contrast to e-money tokens.
UpdatedApr 21, 2023