21
Jul

BIS: Project PyxTrial – Monitoring the Backing of Stablecoins

To support the supervision of issuers of asset-backed stablecoins, Project Pyxtrial has developed a prototype data analytics pipeline which includes data collection, storage and analysis. The technology is a first step towards a tool that could support supervisors and regulators1 in proactively detecting issues in stablecoin backing and aid the development of policy frameworks based on integrated data.