A brand new business group known as the Blockchain Payments Consortium has fashioned with the goal of setting frequent guidelines for the way blockchains transfer cash.
In keeping with statements from individuals and business summaries, the consortium brings collectively seven main companies and foundations that help completely different blockchains and infrastructure.
The group says it desires a shared framework that covers each the technical steps of a switch and the compliance information that banks and regulators anticipate.
Blockchain: Standardizing Cross-Chain Stablecoin Transfers
The founding members listed embrace Fireblocks, Solana Basis, TON Basis, Polygon Labs, Stellar Growth Basis, Mysten Labs and Monad Basis.
Primarily based on reviews, the preliminary focus will probably be on stablecoin payments that transfer between completely different blockchains. That space has grown giant: on-chain funds final 12 months have been reported at roughly $20 trillion in complete quantity, a determine that market watchers level to when arguing for clearer, shared guidelines.
15T+ settled on-chain in 2024.
Stablecoins now transfer greater than Visa and Mastercard mixed.However blockchain funds stay fragmented.
Every community runs on completely different technical and compliance requirements.Think about what occurs when all of it works collectively.
That’s what the Blockchain… pic.twitter.com/yQp7TpypV6— Fireblocks (@FireblocksHQ) November 6, 2025
Why The Group Shaped
Trade sources say the consortium’s backers need to scale back friction that arises when one chain speaks a technique and one other chain speaks a special method.
Experiences be aware that companies and banks typically want constant information hooked up to funds — issues like origin, goal and compliance flags — earlier than they’ll settle for a fee.
The consortium goals to outline how that information ought to journey together with a token when it crosses networks, and the way settlement and reconciliation ought to be dealt with so corporations can depend on the consequence.
In keeping with BPC, blockchain rails are “reshaping the worldwide funds panorama.” However for blockchain funds to succeed in full potential, the group mentioned they have to “tackle the inconsistent and fragmented experiences people and establishments face when transferring between conventional funds and blockchain.”
As of right this moment, the market cap of cryptocurrencies stood at $3.34 trillion. Chart: TradingView
Cross-Trade And Regulatory Attain
The group plans to behave as a bridge between blockchain initiatives and regulators. It expects to suggest templates that exchanges, custodians and fee processors can use in order that audits and reporting turn into simpler.
Some members have warned that getting regulators throughout a number of jurisdictions to just accept the identical method will probably be troublesome. Experiences additionally level out that completely different chains use completely different technical designs, which makes a one-size-fits-all resolution onerous to implement.
The consortium has described its work on the whole phrases thus far, specializing in a framework moderately than a completed protocol. Primarily based on reviews, concrete outputs might embrace information codecs, API patterns and really helpful checks that service suppliers ought to run throughout cross-chain transfers.
Featured picture from Yuichiro Chino/Getty Photos, chart from TradingView
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