Formation of the Blockchain Payments Consortium
A consortium of seven prominent blockchain organizations, including Fireblocks, Solana Foundation, and TON Foundation, has formed the Blockchain Payments Consortium to standardize cross-chain stablecoin payments. This announcement was made via their respective channels between November 6-7, 2025.
The Blockchain Payments Consortium (BPC) targets the standardization of cross-chain stablecoin payments by uniting seven leading blockchain infrastructure firms. Founding members, such as Fireblocks, Solana Foundation, and TON Foundation, aim to improve compliance and interoperability through common frameworks.
Goals and Participant Contributions
The primary aim of this consortium is to unify standards for cross-chain stablecoin payments among these leading blockchain organizations. This initiative is designed to enhance interoperability and regulatory compliance across different blockchain networks.
By uniting entities like the Stellar Development Foundation and Polygon Labs, the consortium seeks to bridge the gap between traditional finance and blockchain ecosystems. Ran Goldi from Fireblocks emphasized their industry-leading positions in payments achieved over the past 18 months.
"Stellar has facilitated billions in payments, proving blockchain's ability to move value efficiently at scale. But true global adoption requires more than just speed and low costs—it demands trust, interoperability, and clear standards. The Blockchain Payments Consortium represents a critical step forward in maturing our industry." - Raja Chakravorti, Chief Business Officer, Stellar Development Foundation
The formation of the Blockchain Payments Consortium underscores the intent to enhance interoperability across blockchain networks, which could disrupt existing payment systems and catalyze traditional finance integration.
Potential Market and Regulatory Impact
Immediate effects of this collaboration include potential increases in trading volumes for cryptocurrencies like SOL and MATIC, as past consortium activities have led to significant short-term market fluctuations. SOL and XLM may experience price and volume changes with the sector-wide focus on stablecoin transactions.
The collaboration is set to bring regulatory-compliant infrastructure into mainstream financial systems, with potential implications for broader regulatory acceptance. Institutions may benefit from increased liquidity and compliance, while developers can track open-source work related to cross-chain standard standards.
Projected financial and technological advancements could reshape market landscapes, as these organizations leverage their combined resources and expertise. Historical examples indicate that such coalitions often lead to positive asset movements and greater adoption of interoperable frameworks.