BIS launches new stablecoin project, crypto and DeFi monitoring platform Cryptocurrencies
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Pyxtrial aims to create a digital version of this verification process for stablecoins, which are among the most important and contentious digital assets in the cryptosphere. But the depegging and collapse of some algorithmic stablecoins, most notably TerraUSD, and doubts about the true reserves behind even the fiat-backed stablecoins have made these tokens a particular area of focus for regulators and central banks.
The Innovation Hub is also developing tools for monitoring cryptocurrencies and decentralized finance in real time. The Atlas project is an information platform designed to address the lack of vetted data that makes it difficult to assess the economic potential of these markets.
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