A brand new trade group known as the Blockchain Payments Consortium has fashioned with the purpose of setting frequent guidelines for a way blockchains transfer cash.
In accordance with statements from contributors and trade summaries, the consortium brings collectively seven main corporations and foundations that help totally different blockchains and infrastructure.
The group says it needs a shared framework that covers each the technical steps of a switch and the compliance information that banks and regulators count on.
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 shall be on stablecoin payments that transfer between totally different blockchains. That space has grown massive: on-chain funds final 12 months have been reported at roughly $20 trillion in whole 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 totally 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
Trade sources say the consortium’s backers need to cut back friction that arises when one chain speaks a technique and one other chain speaks a unique manner.
Studies word that corporations and banks typically want constant information hooked up 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 information ought to journey together with a token when it crosses networks, and the way settlement and reconciliation must be dealt with so firms can depend on the outcome.
In accordance with BPC, blockchain rails are “reshaping the worldwide funds panorama.” However for blockchain funds to succeed in full potential, the group stated they need to “deal with the inconsistent and fragmented experiences people and establishments face when transferring between conventional funds and blockchain.”
As of at the 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 tasks 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 simply accept the identical strategy shall be tough. Studies additionally level out that totally different chains use totally different technical designs, which makes a one-size-fits-all answer exhausting to implement.
The consortium has described its work basically phrases up to now, specializing in a framework moderately than a completed protocol. Primarily based on experiences, 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 Photographs, chart from TradingView
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