---
title: Competing rails for crossborder payments: banks, fintechs, and stablecoins
url: https://www.ml-quant.com/papers/repec/bis-biswps-1385/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-30
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:bis:biswps:1385
source_url: https://econpapers.repec.org/RePEc:bis:biswps:1385
featured: 2026-10-30
citations: unknown
topic: Trading, Microstructure & Execution
---


# Competing rails for crossborder payments: banks, fintechs, and stablecoins

Fintech money-transfer operators have compressed cross-border payment costs relative to banks; stablecoins do not eliminate frictions across corridors and payment values.

- Source: https://econpapers.repec.org/RePEc:bis:biswps:1385
- Identifier: RePEc:bis:biswps:1385
- Released: 2026-10-26
- First featured: Quant Letter No. 137 (2026-10-30): https://www.ml-quant.com/issues/2026-10-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Wenxin Du, Catherine Huang, David Scharfstein

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