BIS Will Create a Researching the Consequences of the Collapse of Stablecoins and DeFi Projects Platform
The innovation hub of the Bank for International Settlements (BIS) intends to create a platform for researching the economic potential and possible risks associated with stablecoins and crypto lending platforms.
This open-source platform intends to collect all available information about the above digital assets in one place in order to reveal all their economic activity and possible risks to financial stability.
BIS also intends to study post-quantum cryptography and ensure the privacy of payment systems.
Perhaps the recent collapse of the Terra project prompted the creation of such a platform.