Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Leading Blockchain Entities Form Blockchain Payments Consortium

Leading Blockchain Entities Form Blockchain Payments Consortium

Coinlineup2025/11/08 14:15
By:Coinlineup
Key Points:
  • This consortium marks a milestone in cross-chain payment standardization.
  • Fireblocks and Solana among major participants.
  • The aim is to enhance interoperability and traditional finance integration.

The Blockchain Payments Consortium (BPC) aims to unify standards for cross-chain stablecoin payments among seven leading blockchain organizations, enhancing interoperability and regulatory compliance. Founding members include Fireblocks, Solana Foundation, and Polygon Labs, among others.

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, as announced via their channels between November 6-7, 2025.

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.

Seven leading blockchain infrastructure firms have announced the creation of the Blockchain Payments Consortium (BPC), targeting the standardization of cross-chain stablecoin payments. Fireblocks , Solana Foundation, and others aim to improve compliance and interoperability streamlined through common frameworks.

By uniting entities like 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

Immediate effects include potential increases in trading volumes for cryptocurrencies like SOL and MATIC, as past consortia 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 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 show that such coalitions often lead to positive asset movements and greater adoption of interoperable frameworks.

Further details on the Stellar Development Foundation’s involvement in the consortium
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

End of Privacy in Cryptocurrency as United States Adopts International Tax Standards

- The White House reviews a Treasury proposal to align U.S. crypto tax rules with the OECD's CARF framework, enabling IRS access to Americans' foreign crypto transactions. - CARF, adopted by 70+ jurisdictions including G7 nations, mandates automatic cross-border crypto transaction reporting to combat offshore tax evasion. - The framework would require foreign exchanges to report U.S. crypto holdings to the IRS, mirroring FATCA for traditional accounts while exempting DeFi transactions. - Domestic crypto ov

Bitget-RWA2025/11/18 10:38
End of Privacy in Cryptocurrency as United States Adopts International Tax Standards

Bitcoin News Today: Institutional Exhaustion and Broader Economic Concerns Push Bitcoin Down to Lowest Point in 7 Months

- Bitcoin fell to a 7-month low below $95,000 amid profit-taking, institutional outflows, and macroeconomic uncertainty, mirroring a 5.8% drop in the CoinDesk 20 index. - Market fear intensified as the Fear & Greed Index hit 10 (lowest since Feb 2025), while MicroStrategy's rumored Bitcoin sales sparked panic despite CEO Saylor's denial. - Institutional fatigue and liquidity declines ($766M→$535.2M) raised correction risks, though Harvard's $443M IBIT investment signaled growing crypto acceptance amid vola

Bitget-RWA2025/11/18 10:24

Bitcoin Updates Today: Bitcoin's $80,000 Support Falters as Regulatory Changes and Increased Selling Pressure Emerge

- Bitcoin drops to $89,900, with weak $89,600–$79,500 support raising fears of a breakdown below $90,300 amid heavy selling pressure. - Binance short positions dominate 6.4:1 ratio, while exchange reserves surge $1.43B, signaling panic exit preparations and reduced buyer leverage. - Japan reclassifies 105 cryptos as financial products, and Brazil considers stablecoin tax, adding regulatory uncertainty to crypto markets. - Institutional activity diverges: BitMine expands ETH holdings, while Mt. Gox’s $953M

Bitget-RWA2025/11/18 10:24

Vitalik Buterin Backs ZKsync: Driving Ethereum's Layer 2 Transformation and Boosting Altcoin Growth

- Vitalik Buterin endorses ZKsync's Atlas upgrade, signaling a strategic shift in Ethereum's Layer 2 scaling. - The upgrade enables 15,000 TPS, near-zero fees, and boosts ZK token price by 50% post-announcement. - Institutional partnerships with Deutsche Bank and Citi highlight ZKsync's privacy-driven appeal in financial services . - ZK ecosystem grows with $3.5B TVL, driven by ZK rollups and hybrid TradFi-DeFi systems projected to reach $90B by 2031. - Regulatory risks and gas volatility persist, but ZK t

Bitget-RWA2025/11/18 10:20