The Bank for International Settlements (BIS) will intensify its research into Central Bank Digital Currencies (CBDCs) and launch a new project to track stablecoins. Project Pyxtrial will create a platform to monitor stablecoin balance sheets and investigate technological tools to assist supervisors and regulators in developing policy frameworks based on integrated data. CBDCs and payment system improvements accounted for 15 of the 26 active projects in the last few years.
As part of the G20 countries’ program to improve cross-border payments, the Bank for International Settlements (BIS) has increased its focus on improving payment systems and experimenting with CBDCs. It also intends to test the distribution of a retail CBDC via an open API ecosystem in a commercial setting.
