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🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
In the midst of a market revival, which has led to stablecoin market cap reaching USD 164 million, organizations like the bank for international settlements (BIS) are focusing on how to supervise the sector.
In an announcement made on July 31st, the BIS has launched a project that allows real-time tracking of stablecoin reserves.
The idea is to exercise greater control over the cryptocurrency sector, with special interest in the assets that back stablecoins, which remain a controversial sector in the industry. And for this, they are working on the development of Pyxtrial, 'a prototype analysis channel that facilitates the collection, storage, and analysis of data'.
The goal of this project is to provide cryptocurrency supervisors and regulators with information on stablecoin liabilities and their backstop assets.
Add the BIS that with Pyxtrial seek to verify that the assets of the issuing companies exceed the liabilities, and that the amount of backstop is greater than the issuance of coins.
They indicate that the prototype is designed so that its technical components (APIs, integration layer, data model, data storage solution, and control panel) can be reused.
However, the tool is still in the testing phase before being deployed in the market, and will require staff training to operate.
The presentation of the new BIS tool is made in a context where regulators from various countries continue to express their concern about the validity of the reserves that, according to stablecoin issuers, back their holdings.