BIS Innovation Hub to create platform addressing collapse of stablecoins, DeFi lenders By michael40712627
The first project is a cryptocurrency market intelligence platform, a need that has been highlighted by the collapse of many stablecoins and DeFi lending platforms.The Bank for International Settlements Innovation Hub on FridayEurosystem Centre will open locations in Frankfurt and Paris and work with all 19 euro area central banks and the European Central Bank.
A second project involves post-quantum cryptography and securing the privacy of payments systems. Quantum computers may be capable of breaking the cryptography used by central banks and the private financial sector to secure payment and settlement systems. The goal is to test use cases in various payment systems and examine how the introduction of quantum-resistant cryptography affects their performance.
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