A brand new business group known as the Blockchain Payments Consortium has fashioned with the purpose of setting frequent guidelines for a way blockchains transfer cash.
Based on statements from members 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 knowledge that banks and regulators anticipate.
Blockchain: Standardizing Cross-Chain Stablecoin Transfers
The founding members listed embrace Fireblocks, Solana Basis, TON Basis, Polygon Labs, Stellar Improvement Basis, Mysten Labs and Monad Basis.
Primarily based on experiences, the preliminary focus will likely be on stablecoin payments that transfer between completely different blockchains. That space has grown giant: on-chain funds final yr had 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 Fashioned
Business sources say the consortium’s backers need to scale back friction that arises when one chain speaks a method and one other chain speaks a special approach.
Stories observe that companies and banks usually want constant knowledge connected to funds — issues like origin, objective and compliance flags — earlier than they are going to settle for a fee.
The consortium goals to outline how that knowledge ought to journey together with a token when it crosses networks, and the way settlement and reconciliation must be dealt with so corporations can depend on the outcome.
Based on 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 in the present day, the market cap of cryptocurrencies stood at $3.34 trillion. Chart: TradingView
Cross-Business And Regulatory Attain
The group plans to behave as a bridge between blockchain tasks and regulators. It expects to suggest templates that exchanges, custodians and fee processors can use in order that audits and reporting develop into simpler.
Some members have warned that getting regulators throughout a number of jurisdictions to simply accept the identical method will likely be tough. Stories additionally level out that completely different chains use completely different technical designs, which makes a one-size-fits-all resolution arduous to implement.
The consortium has described its work on the whole phrases to date, specializing in a framework quite than a completed protocol. Primarily based on experiences, concrete outputs may embrace knowledge codecs, API patterns and really useful checks that service suppliers ought to run throughout cross-chain transfers.
Featured picture from Yuichiro Chino/Getty Photographs, chart from TradingView
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