TLDR
- Seven major crypto firms have come together to form the Blockchain Payments Consortium to standardize blockchain payments.
- The consortium aims to create a unified framework for cross-chain stablecoin transfers and integrate blockchain with traditional finance.
- In 2024, stablecoin transfer volumes surpassed $27.6 trillion, outpacing the combined volumes of Visa and Mastercard by 7.7%.
- The BPC’s goal is to improve cross-border payments and remittances while ensuring compliance across different jurisdictions.
- The new initiative will help reduce fragmentation and friction in blockchain payments by offering a consistent, interoperable framework.
Seven crypto firms have formed a new group to set common standards for cross-chain stablecoin transfers. The group, Blockchain Payments Consortium (BPC), includes Fireblocks, the Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation. Their goal is to create a unified framework for blockchain transactions that bridges traditional payment systems and blockchain networks.
BPC Seeks to Streamline Blockchain Payments
The Blockchain Payments Consortium is working to address fragmented experiences in blockchain transactions. Its members aim to simplify the interaction between traditional payments and blockchain technology. They believe this will help blockchain payments reach their full potential.
Introducing the Blockchain Payments Consortium (BPC).
A new alliance uniting @ton_blockchain, @0xPolygon, @solana, @SuiNetwork, @StellarOrg , @Mysten_Labs, @monad, and @FireblocksHQ to accelerate the future of blockchain payments.
Together, we’re defining the standards that… pic.twitter.com/mSr7EJEf4P
— Blockchain Payments Consortium (@bpconsortium) November 6, 2025
Stablecoin transfer volumes are increasing. According to Artemis Terminal, total adjusted transaction volume for the last 30 days surpassed $3.7 trillion. In 2024, the volume hit $27.6 trillion, exceeding the combined volumes of Visa and Mastercard by 7.7%.
The BPC’s framework will aim to make payments faster and cheaper. It focuses on cross-border payments and remittances. The group also intends to integrate blockchain ecosystems into traditional finance and align with global regulators.
Collaboration is Key for Crypto Group’s Success
The BPC emphasizes the need for collaboration between blockchain ecosystems, regulators, and traditional financial institutions. Fireblocks’ Ran Goldi stated,
“Improving how we collaborate is essential as our industry achieves mainstream adoption.”
The group wants to ensure compliance across different jurisdictions.
Stellar Development Foundation’s Raja Chakravorti added that the alliance marks a key step for the industry.
“This is critical to maturing our industry and advancing blockchain payments,” he said.
Despite growth in blockchain adoption, the industry faces friction due to inconsistent standards. Fireblocks explained that there is currently no shared language for blockchain payments. This lack of consistency results in missed opportunities for global financial networks.
The BPC aims to change that by offering a seamless, interoperable framework. The group is committed to ensuring that blockchain payments align with traditional finance systems. Their work is expected to pave the way for more widespread and efficient blockchain transactions across the globe.
