International Settlements Bank BISin its latest report, for the improvement of payment systems by securing the financial sector CBDC and stablecoin currencies.
The organization will benefit from the new project Pyxtrial, launched by its innovation center in London, to continuously monitor the fiat and CBDC balance sheets of central banks.
After the announcement, BIS made the following statement on its website:
“Many central banks are inexperienced in resolving balance sheet mismatches by systematically monitoring stablecoins. In this regard, our project will explore various technology tools that are necessary for countries to adopt an effective regulatory policy.”
Bank stablecoins In addition, it continues its retail CBDC research to make cross-border payments cheaper.
Stablecoins Under Strict Control
Regulators are keenly interested in stablecoins with a total market cap exceeding $100 billion in the crypto universe. Issuers that offer dollar-denominated digital assets to their customers are required to hold reserves in exchange for customer assets.
Projects that cannot achieve this situation are left alone with major liquidity crises when the time comes. Terra’s stablecoin TOPlost its peg to $1 after the bad events of the past year. Thousands of investors suffered from this situation.
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