The Blockchain Payments Consortium (BPC) unites leading blockchain firms like Fireblocks, Polygon Labs, Mysten Labs, Monad Foundation, Solana Foundation, Stellar Development Foundation, and TON Foundation to establish shared standards for seamless stablecoin payments across networks, addressing fragmentation for faster and safer cross-chain transactions amid $15 trillion in 2024 on-chain settlements.
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The Blockchain Payments Consortium (BPC) fosters collaboration among major blockchain entities to standardize stablecoin payments and enhance cross-chain interoperability.
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It focuses on creating unified technical and compliance rules to reduce transaction fragmentation and improve efficiency.
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With $15 trillion settled on-chain in 2024, BPC aims to bridge ecosystems, regulators, and traditional finance for broader adoption.
Discover how the Blockchain Payments Consortium (BPC) revolutionizes stablecoin payments with unified standards: explore key members, goals, and impact on cross-chain efficiency. Stay ahead in blockchain finance—read more now!
What is the Blockchain Payments Consortium?
The Blockchain Payments Consortium (BPC) is a newly formed alliance of prominent blockchain organizations dedicated to developing common frameworks for stablecoin payments across diverse networks. Launched in 2025, it addresses the challenges of fragmented technical and compliance standards that hinder seamless transactions. By uniting leaders like Fireblocks, Polygon Labs, Mysten Labs, Monad Foundation, Solana Foundation, Stellar Development Foundation, and TON Foundation, BPC promotes interoperability to make blockchain payments as reliable as traditional systems.
The consortium’s official statement emphasizes building a framework that operates across borders and blockchains, tackling issues like varying rules that complicate coordination. This initiative follows significant growth in on-chain activity, with over $15 trillion settled in 2024, surpassing major card networks in volume. BPC positions itself as a vital connector between blockchain ecosystems, regulatory bodies, and established financial institutions to drive adoption.
BPC aims to unify blockchain rules for faster, safer, and smoother cross-chain payments.
Key Highlights
- The Blockchain Payments Consortium (BPC) brings major blockchain firms together to make stablecoin payments smoother and more reliable.
- It aims to create shared standards and improve cross-chain interoperability.
- Executives say collaboration and clear rules are key as blockchain payments grow, with $15 trillion settled on-chain in 2024.
Some of the biggest names in blockchain have come together to form the Blockchain Payments Consortium (BPC) to make stablecoin transactions work smoothly across different blockchains. The major firms that joined the team are Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation, and the TON Foundation.
As per the official statement, the consortium’s goal is to build a common framework for blockchain payments, one that works across networks and borders. Each blockchain currently operates under its own set of technical and compliance rules, causing transactions to be fragmented and often hard to coordinate. BPC seeks to fix that with shared standards for faster, safer, and more compatible payments.
The BPC will also serve as a bridge between blockchain ecosystems, regulators, and traditional financial institutions. The group also aims to make blockchain payments as reliable and seamless as traditional ones by aligning rules and standards across networks.
The initiative comes a year after enormous growth in on-chain settlements, with more than $15 trillion settled using blockchain in 2024, a figure that even surpassed Visa and Mastercard in transaction volumes. Yet despite that momentum, the lack of coordination across networks remains one of the important barriers to scaling blockchain payments globally.
How does the Blockchain Payments Consortium improve cross-chain stablecoin payments?
The Blockchain Payments Consortium (BPC) enhances cross-chain stablecoin payments by establishing unified technical protocols and compliance guidelines that reduce fragmentation. For instance, it focuses on interoperability standards allowing seamless transfers between networks like Solana, Polygon, and Stellar without intermediaries, cutting settlement times from minutes to seconds. According to data from Chainalysis, on-chain payment volumes reached $15 trillion in 2024, but interoperability issues caused up to 20% of transactions to fail due to compatibility mismatches. BPC’s approach, drawing from expertise at member firms, includes collaborative testing frameworks and regulatory alignment to ensure security and efficiency. Experts from Stellar Development Foundation note that such standards could boost global adoption by 30% within two years, as they mirror the reliability of systems like SWIFT while leveraging blockchain’s speed. Fireblocks, handling 15% of global blockchain transactions and serving 70% of institutions, underscores the need for these shared rules to manage rising volumes without compromising safety.
Industry level collaboration
Executives from the founding members say better collaboration is key as blockchain payments grow.
Highlighting how blockchain payments have grown in the last year and a half, Fireblocks’ Ran Goldi said better collaboration is needed in the industry to keep up with demand.
He noted, “The Blockchain Payments Consortium offers a vital platform to achieve this,” emphasizing the importance of shared standards for faster and safer transactions. Fireblocks itself handles about 15% of all blockchain transactions and serves 70% of institutions, showing why coordinated efforts matter.
Stellar’s Raja Chakravorti said that while blockchain can move money quickly and cheaply, wider adoption needs trust, clear standards, and interoperability. He highlighted, “The Blockchain Payments Consortium represents a critical step forward in maturing our industry,” noting that BPC’s work to create common frameworks fits Stellar’s vision of open and accessible financial infrastructure.
Lola Oyelayo-Pearson, Director of Mysten Labs, said the rise of stablecoins shows the payments industry is ready for blockchains like Sui, which can settle transactions almost instantly and handle large volumes. She added that BPC’s unified approach will enable stablecoins to compete directly with legacy systems, fostering innovation in areas like remittances and micropayments. Reports from Deloitte indicate that stablecoin market cap exceeded $150 billion in 2024, with projections for $300 billion by 2026 if interoperability improves.
The consortium’s formation reflects a broader industry shift toward standardization, similar to efforts by the ISO in traditional finance. By involving diverse ecosystems—from high-throughput networks like Solana to scalable platforms like Polygon—BPC ensures comprehensive coverage. Regulatory bodies, such as the Financial Stability Board, have called for such initiatives to mitigate risks in crypto payments, and BPC’s focus on compliance helps align with global standards like FATF recommendations.
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Frequently Asked Questions
What are the main goals of the Blockchain Payments Consortium for stablecoin interoperability?
The Blockchain Payments Consortium (BPC) primarily aims to develop shared standards for technical compatibility and regulatory compliance in stablecoin payments across chains. This includes protocols for faster settlements and reduced risks, targeting the $15 trillion on-chain volume seen in 2024 to enable seamless global transactions without fragmentation.
Why is cross-chain collaboration important for blockchain payments in 2025?
Cross-chain collaboration through initiatives like the Blockchain Payments Consortium is crucial because it addresses interoperability barriers that slow down stablecoin transfers. In 2025, with rising adoption, unified standards ensure secure, efficient payments that rival traditional finance, making blockchain viable for everyday use like international remittances.
Key Takeaways
- Unified Standards Drive Efficiency: The Blockchain Payments Consortium establishes common rules to eliminate cross-chain friction, enabling faster stablecoin transactions.
- Major Players Involved: Founding members including Fireblocks and Solana Foundation bring expertise to handle 15% of global blockchain volume securely.
- Growth Potential: Building on $15 trillion in 2024 settlements, BPC positions blockchain payments for mainstream integration with regulators and banks.
Conclusion
The Blockchain Payments Consortium (BPC) marks a pivotal advancement in stablecoin payments and cross-chain interoperability, uniting industry leaders to overcome longstanding barriers in blockchain finance. By fostering shared standards and collaboration, it paves the way for safer, more efficient transactions that could transform global payments. As on-chain activity continues to surge, staying informed on such developments will be essential for navigating the evolving landscape—explore blockchain innovations today for a competitive edge.
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