Major Crypto Foundations Launch Blockchain Payments Consortium to Enhance Global Payment Systems

Highlights:

• Seven top blockchain firms have joined forces to build shared payment standards.
• Stablecoin transfers hit $27.6 trillion last year, showing strong demand for faster and safer blockchain payment systems.
• The blockchain payments consortium aims to unify networks and create trusted global standards for transactions.

Seven major blockchain firms have joined forces to strengthen the future of digital payments. Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation established a new collaboration to enhance the standards of blockchain transactions. Their common objective is to create an integrated framework that is as reliable and organized as traditional payment systems.

Introducing the Blockchain Payments Consortium (BPC).

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

— Blockchain Payments Consortium (@bpconsortium) November 6, 2025

On-chain payment volumes exceeded $27.6 trillion last year, surpassing the combined totals of Visa and Mastercard. This growth showed how blockchain is becoming a central part of global finance. Yet, each network still follows its own technical and compliance rules.

The new alliance intends to reform that through the incorporation of shared standards. Its purpose is to simplify, speed up, and simplify verification of blockchain transactions. Every participant will share their tech and experience in order to form a common set of rules. The framework will also assist in aligning blockchain payments with the traditional financial systems.

Ran Goldi, Fireblocks Senior Vice President of Payments, remarked that teamwork is crucial since blockchain payments are accessible to more people. He further remarked that shared coordination will enable inefficiencies to be mitigated as more financial institutions look into blockchain. The group is confident that collaboration will aid in enhancing global uptake, besides boosting trust and security within networks.

Right now, there’s no shared language for blockchain payments.

Different networks mean different rules, protocols, and compliance standards.
The result? Friction, fragmentation, and missed potential.

The Blockchain Payments Consortium (@bpconsortium) is here to change that.

— Fireblocks (@FireblocksHQ) November 6, 2025

Addressing Fragmentation in Cross-Chain Stablecoin Transfers

The alliance will focus on solving issues with cross-chain stablecoin transfers. Different blockchain networks use varying standards, which create gaps in efficiency and security. Stablecoin transfer volume rose 4.36% in the past month, reaching $3.7 trillion in adjusted transactions, according to Artemis Terminal. For all of 2024, stablecoin transfers totaled $27.6 trillion, marking a 7.7% lead over Visa and Mastercard combined.

The TON Foundation and Stellar Development Foundation both stressed the importance of unified standards. They said global trust depends on clear frameworks that make blockchain payments dependable. TON Foundation Vice President of Payments, Nikola Plecas, said blockchain networks must connect and cooperate to become global systems. The Chief Business Officer of Stellar, Raja Chakravorti, stated that it should be all about interoperability, not speed or cost.

$10 trillion in annual stablecoin volume, committed to interoperability.

Today, SDF, alongside @FireblocksHQ, @0xPolygon, @Mysten_Labs, @monad, @solana, and @ton_blockchain joined forces towards that goal as the Blockchain Payments Consortium. https://t.co/gm84XCumsz

— Stellar (@StellarOrg) November 6, 2025

Coinbase, Citi, and Swift are other key players that are also considering the use of blockchain settlement methods. Their experiments indicate that financial institutions acknowledge the increased value of blockchain-based payments.

Blockchain Payments Consortium Sets Path for Unified Global Standards

The seven firms have officially named their alliance the Blockchain Payments Consortium. The group will start its operations in early 2026 with a concentration in technical and compliance standards. Its goal is to enable financial institutions, businesses, and blockchain networks to exchange value in a seamless manner.

The group plans to act as a bridge between digital assets and traditional banking systems. The working groups will meet to finalize frameworks that connect blockchain ecosystems and financial institutions. TON Foundation’s Nikola Plecas said the consortium’s mission is to make blockchain payments fast, trusted, and scalable. He added that their collaboration will help build a borderless digital economy. Raja Chakravorti of Stellar also stated that common standards are crucial in global blockchain adoption.

The formation of the consortium is a milestone in harmonizing blockchain payments worldwide. Its members have a vision of constructing trust systems as efficient as conventional financial networks. They are working together to revolutionize how value travels across borders using blockchain.