The Blockchain Payments Consortium (BPC) has been established by major blockchain firms with the objective of enhancing the smoothness and reliability of stablecoin transactions across diverse blockchain networks.
Founding members of this consortium include Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation, and the TON Foundation.
Introducing the Blockchain Payments Consortium (BPC).
— Blockchain Payments Consortium (@bpconsortium) November 6, 2025
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
The consortium's primary objective is to establish a universal framework for blockchain payments that operates seamlessly across different networks and geographical boundaries. This initiative aims to address the current fragmentation of transactions caused by individual blockchains operating under distinct technical and compliance rules.
By developing shared standards, the BPC intends to facilitate faster, more secure, and highly compatible payment solutions. Furthermore, the consortium will act as a liaison between various blockchain ecosystems, regulatory bodies, and traditional financial institutions, working to make blockchain payments as dependable and fluid as conventional payment methods.
This development follows a period of significant growth in on-chain settlements, with over $15 trillion processed via blockchain in 2024, exceeding the transaction volumes of major payment networks like Visa and Mastercard. Despite this upward trend, the absence of cross-network coordination has been identified as a key impediment to the global expansion of blockchain payments.
Industry-Level Collaboration is Crucial
Executives from the founding member organizations emphasize the necessity of enhanced collaboration as the blockchain payments sector continues to expand.
Ran Goldi from Fireblocks highlighted the industry's recent mainstream adoption, particularly in payments, and stated that improved collaboration, coordination, and operational synergy are essential for keeping pace with demand. He noted that the Blockchain Payments Consortium provides a vital platform for achieving these goals, underscoring the importance of shared standards for expediting and securing transactions.
“Over the last 18 months, our industry has achieved mainstream adoption, with payments at the forefront. As more established players enter the space, improving how we collaborate, coordinate, and operate together is essential. This is especially critical for Fireblocks, a key…
— Fireblocks (@FireblocksHQ) November 6, 2025
Fireblocks, which processes approximately 15% of all blockchain transactions and serves 70% of institutional clients, sees coordinated efforts as paramount.
Raja Chakravorti of the Stellar Development Foundation commented that while blockchain technology offers rapid and cost-effective money transfer capabilities, achieving broader adoption hinges on building trust, establishing clear standards, and ensuring interoperability. He views the Blockchain Payments Consortium as a significant advancement in the industry's maturity, aligning with Stellar's mission to promote open and accessible financial infrastructure.
Lola Oyelayo-Pearson, Director at Mysten Labs, noted that the increasing prominence of stablecoins indicates the payments industry's readiness for blockchains like Sui, which are capable of near-instantaneous transaction settlement and handling substantial volumes.
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