Czech central bank builds $1M pilot portfolio including BTC, stablecoins

The Czech National Bank has created a $1 million pilot portfolio composed of Bitcoin and U.S. dollar-based stablecoins, CoinDesk reported. The initiative is aimed at gaining direct experience with blockchain-based assets that could change how payment and financial systems operate in the future. The bank stated that it has no plans to increase the total investment amount and that the asset acquisition was made separately from its existing foreign exchange and international reserves.