TechFlow news — On July 31, according to CoinDesk, a report released Wednesday by the Bank for International Settlements (BIS) and the Bank of England (BoE) stated that the two institutions have demonstrated stablecoin balance sheets can be regulated. Their latest project, Pyxtrial, has developed a prototype data analytics pipeline capable of providing regulators with near real-time data on stablecoin liabilities and their supporting assets.
The report noted that this technology marks the first step toward enabling regulators to proactively detect issues related to stablecoin backing, helping inform policy frameworks based on comprehensive data. Stablecoins, a type of digital currency typically pegged to fiat currencies or other assets, are seeing rapid market growth, reaching a market value of $163.7 billion, yet currently lack adequate regulatory technology.
