Project Pyxtrial: monitoring the backing of stablecoins

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Project Pyxtrial: monitoring the backing of stablecoins

Project Pyxtrial is a joint project between the Bank for International Settlements (BIS) Innovation Hub and the Bank of England. Pyxtrial explores how technology solutions can enable the monitoring of asset-backed stablecoins' balance sheets, providing insight into whether the backing assets exceed their liabilities at all times.

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