BIS: new platform can monitor stablecoins’ balance sheets
Institution says its Project Pyxtrial can track digital currencies’ assets and liabilities
The Bank for International Settlement (BIS) claims a platform it has been developing with the Bank of England can monitor stablecoins’ balance sheets.
The BIS’s Innovation Hub on August 1 published a report on Project Pyxtrial, a technology solution first announced in February last year as an effort to prevent asset-liability mismatches on stablecoins.
The report said Pyxtrial had developed a prototype data analytic pipeline that could serve as a proof-of-concept monitoring tool to support the
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