BIS and Bank of England find balance sheets of asset-backed stablecoins can be regulated

The Bank for International Settlements (BIS) and the Bank of England have been able to demonstrate that the balance sheets of asset-backed stablecoins can be regulated, according to a new project report released on Wednesday. The technology could help countries more effectively address the risks of stablecoins. In recent years, countries have expressed concerns about the operational risks experienced by stablecoins. The BIS (known as the central bank of central banks) and the Bank of England have been able to demonstrate that the balance sheets of asset-backed stablecoins can be regulated, according to a new project report released on Wednesday.