BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring
The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.
The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.
Early previews of the tech were remarkable, but fears remain over its potential misuse.
Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.