Last updated on January 3rd, 2026 at 02:54 pm
Quick Breakdown
- Seven blockchain firms have launched the Blockchain Payments Consortium to standardize crosschain stablecoin transfers.
- Stablecoin payment volume reached $27.6 trillion in 2024, surpassing Visa and Mastercard combined.
- The group aims to improve interoperability, compliance, and adoption of blockchain-based payment systems globally.
Seven prominent blockchain organizations have teamed up to create a shared playbook for moving stablecoins across different networks, a move they say is necessary as onchain payments continue to scale faster than traditional card networks.
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
The new alliance — known as the Blockchain Payments Consortium (BPC) — includes Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs and Monad Foundation. The group announced the initiative on Thursday, outlining plans to bring consistency and regulatory clarity to crosschain payments.
Rising volumes underscore need for standards
Stablecoin transfer volume has climbed 4.36% over the past 30 days, topping $3.7 trillion in adjusted transactions, according to the blockchain analytics platform Artemis Terminal.
Meanwhile, for all of 2024, the total reached $27.6 trillion, exceeding the combined volumes processed by Visa and Mastercard by 7.7%.
Despite this acceleration, the consortium says users and institutions still face confusing, inconsistent experiences when moving funds between blockchains and traditional banking systems.
Building a shared payment framework
The BPC aims to introduce a common framework that aligns blockchain-based payments with the data, compliance needs, and settlement formats widely used in traditional finance.
The group says its work will focus on enabling faster, lower-cost cross-border transactions, making blockchain payments interoperable across different networks and establishing compliance guidelines that are consistent across jurisdictions.
Stellar Development Foundation’s Chief Business Officer, Raja Chakravorti, described the collaboration as
“a critical step toward industry maturity.”
Industry collaboration as adoption expands
Ran Goldi, Senior Vice President of Payments at Fireblocks, stated that the industry has entered a new phase over the past year and a half, with established financial institutions stepping in, but also bringing expectations of reliability and clarity.
The consortium is positioning itself as a bridge between blockchain firms, regulators, and major financial institutions, signalling that stablecoins and blockchain payments are moving closer to everyday economic infrastructure.
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