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Central Banks Are Working on a Monitoring System for Stablecoin Balance Sheets

The Bank for International Settlements is spearheading a project that will look into tech tools that could help regulators form policy frameworks for stablecoins based on data.

The BIS's London Innovation Hub is experimenting on a stablecoin monitoring system. (Yuichiro Chino/Getty Images)
The BIS's London Innovation Hub is experimenting on a stablecoin monitoring system. (Yuichiro Chino/Getty Images)