BIS to launch market intelligence platform amid stablecoin, DeFi collapse

Cointelegraph

Published Jun 19, 2022 01:12AM ET

Updated Jun 20, 2022 03:20AM ET

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).

BIS’s cryptocurrency market intelligence platform will be launched under the Eurosystem Centre initiative, which aims to provide vetted data about crypto projects. One of the key drivers for the project’s commencement is the collapse of numerous stablecoins projects and decentralized finance (DeFi) lending platforms such as Terra and USDD. As explained in the official announcement:

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