BIS Paper Finds Stablecoins Compete With Cross-Border Banking Infrastructure
Stablecoins are emerging as an alternative to traditional cross-border payment systems, according to a working paper by the Bank for International Settlements (BIS) titled Competing Rails for Cross-Border Payments: Banks, Fintechs, and Stablecoins. The paper, written by researchers Wenxin Du, Catherine Huang, and David Scharfstein,… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged bank of international settlements, bis, stablecoin