ATM is the Data-Link layer protocol that's typically used over the DSL layer1 connection from the CPE and terminated at what's known as the DSLAM - an ATM switch that contains DSL interface cards, or ATU-Cs.
PPP is your only option because HDLC and Frame RElay do not support these types of business requirements. PPP provides dynamic addressing , authentication using PAP or CHAP, and callback services.
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