PAYMENTS HOTGLOBAL INTELLIGENCE
Glenbrook Payments NewsThe public summary of BIS Working Paper 1385 compares bank wires, fintech money transfers and stablecoin routes. Its authors find lower costs for fintech transfers in their samples and warn that stablecoin conversion fees, thin liquidity and fiat access can offset blockchain advantages.
The original report did not disclose material figures that change this decision brief.
Watch whether follow-up sources disclose confirmed customers, supported markets, pricing, transaction activity, and a primary-source update. Also confirm the regulatory setup for the stablecoin, custody, and fiat on/off ramps.
competing-rails-for-crossborder-payments-banks-fintech-c32bd4f6The page already presents the summary and analysis. This section keeps only the copy, download, and technical source record without repeating the same reading view.
# Competing rails for crossborder payments: banks, fintechs, and stablecoins > Evidence tier: B1 > Evidence type: Primary research summary > Source: [Glenbrook Payments News](https://www.bis.org/publications/working-paper-1385-competing-rails-crossborder-payments-banks-fintechs-and-stablecoins) > Published: 2026-10-19 > Captured: 2026-10-22T01:36:04.932Z ## Source summary The public summary of BIS Working Paper 1385 compares bank wires, fintech money transfers and stablecoin routes. Its authors find lower costs for fintech transfers in their samples and warn that stablecoin conversion fees, thin liquidity and fiat access can offset blockchain advantages. ## Why it matters Based on the public research summary, not a full-paper replication; findings are the authors’ views and not necessarily BIS policy or universal corridor results. ## Key numbers No independently checkable key number was extracted from this report. ## Topics and entities - Industry lane: Web3 & stablecoin payments - Entities: BIS Working Paper authors - Web3 payments - Cross-border payments ## Evidence and credibility note Based on the public research summary, not a full-paper replication; findings are the authors’ views and not necessarily BIS policy or universal corridor results. Date evidence: Automatically verified from article:published_time: 2026-10-19T14:00:00+0200 ## First-party corroboration No directly corresponding A1 company announcement is currently linked. ## Original-source traceback [Open the original Glenbrook Payments News report](https://www.bis.org/publications/working-paper-1385-competing-rails-crossborder-payments-banks-fintechs-and-stablecoins) --- This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.