BIS to launch market intelligence platform amid stablecoin, DeFi collapse

The Financial institution for Worldwide Settlements (BIS) Innovation Hub introduced the launch of a brand new set of initiatives focusing on numerous facets of conventional and crypto funds — together with a cryptocurrency market intelligence platform and safety for retail central financial institution digital forex (CBDC).

BIS’s cryptocurrency market intelligence platform might be launched below the Eurosystem Centre initiative, which goals to supply vetted knowledge about crypto initiatives. One of many key drivers for the mission’s graduation is the collapse of quite a few stablecoins initiatives and decentralized finance (DeFi) lending platforms equivalent to (LUNA) and Decentralized USD (USDD). As defined within the official announcement: