The Bank for International Settlements and the Bank of England launched the Pyxtrial project for stablecoin monitoring

ChainCatcher news, according to CoinDesk, the Bank for International Settlements (BIS) and the Bank of England have released their Pyxtrial project report, which aims to monitor the reserve status of asset-backed stablecoins and tokenized assets, to be used for stablecoin balance sheet regulation, thereby helping countries respond more effectively to the risks posed by stablecoins. Currently, the system is not yet fully prepared for launch. Countries have also emphasized concerns about the recent runs on stablecoins.

The Bank for International Settlements also stated that Pyxtrial has the potential to monitor tokenized products backed by real-world assets (RWA).