{"id":73775,"date":"2023-02-08T13:45:00","date_gmt":"2023-02-08T11:45:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73775"},"modified":"2025-09-09T16:10:10","modified_gmt":"2025-09-09T13:10:10","slug":"bis-to-develop-pyxtrial-platform-to-monitor-stablecoin-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bis-to-develop-pyxtrial-platform-to-monitor-stablecoin-reserves\/","title":{"rendered":"BIS to develop Pyxtrial platform to monitor stablecoin reserves"},"content":{"rendered":"<p>The BIS is developing a monitoring system to assess the sufficiency of stablecoin backing. The Pyxtrial project has been among the organisation&#8217;s priorities for 2023.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>In 2023, the <a href='https:\/\/twitter.com\/hashtag\/BISInnovationHub?src=hash&#038;ref_src=twsrc%5Etfw'>#BISInnovationHub<\/a> will increase its focus on improving payments systems and experimenting with <a href='https:\/\/twitter.com\/hashtag\/CBDCs?src=hash&#038;ref_src=twsrc%5Etfw'>#CBDCs<\/a>; on shaping the future of financial regulation and supervision; and on greening and securing the financial sector. Read more: <a href='https:\/\/t.co\/565s9KK1gn'>https:\/\/t.co\/565s9KK1gn<\/a> <a href='https:\/\/t.co\/izlF1u0Q22'>pic.twitter.com\/izlF1u0Q22<\/a><\/p>\n<p>\u2014 Bank for International Settlements (@BIS_org) <a href='https:\/\/twitter.com\/BIS_org\/status\/1622969202989735936?ref_src=twsrc%5Etfw'>February 7, 2023<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>Among BIS&#8217;s other tasks:<\/p>\n<ul class='wp-block-list'>\n<li>enhancing financial regulation and supervision;<\/li>\n<li>improving payments systems;<\/li>\n<li>experiments with<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\"> CBDC<\/a>;<\/li>\n<li>ensuring the safety of the financial sector and reducing its harm to the environment.<\/li>\n<\/ul>\n<p>The London-based BIS Innovation Hub&#8217;s Pyxtrial project is designed to help central banks systematically monitor \u00ab<a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>\u00bb and their balances.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p><em>The majority of central banks lack tools to monitor stablecoins and prevent asset-liability mismatches. Under the project, various technical solutions will be studied to help in forming policy foundations based on integrated data,<\/em> \u2014 the press release said.<\/p>\n<\/blockquote>\n<p>Regarding CBDCs, experts will continue testing<a href=\"https:\/\/forklog.com\/en\/news\/what-is-an-automated-market-maker\"> AMM<\/a>. The aim is to lower the cost of cross-border payments for retail customers.<\/p>\n<p>In October 2022, the <span data-descr='Financial Stability Board' class='old_tooltip'>FSB<\/span> at the G20 group<a href=\"https:\/\/forklog.com\/en\/news\/g20-regulator-flags-instability-in-stablecoins\"> concluded that none of the existing stablecoins meet the standards set for central-bank digital assets by the world&#8217;s largest economies.<\/p>\n<p>Moody\u2019s is developing<a href=\"https:\/\/forklog.com\/en\/news\/moodys-to-develop-scoring-system-for-stablecoins\"> scoring system<\/a> for &#8216;stablecoins&#8217;, according to reports.<\/p>\n<p>Earlier CryptoCompare analysts<a href=\"https:\/\/forklog.com\/en\/news\/study-finds-market-share-of-algorithmic-stablecoins-fell-tenfold\"> noted<\/a> the decline in market share<a href=\"https:\/\/forklog.com\/en\/news\/what-are-algorithmic-stablecoins\"> stablecoins<\/a> from 12.4% in April 2022 to 1.71%. The cause was<a href=\"https:\/\/forklog.com\/en\/news\/terras-death-spiral-how-and-why-luna-and-ust-collapsed\"> the TerraUSD collapse<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BIS is developing a monitoring system to assess the sufficiency of stablecoin backing. The Pyxtrial project has been among the organisation&#8217;s priorities for 2023.<\/p>\n","protected":false},"author":1,"featured_media":73776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1430,1095,807],"class_list":["post-73775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bis","tag-cbdc","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73775"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73775\/revisions"}],"predecessor-version":[{"id":73777,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73775\/revisions\/73777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73776"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}