Hi, user_no_name

Trade now

Deposit

Logout
Login Sign Up
EN

Language

English English (Global)

English English (EU)

English English (UK)

English English (AU)

English English (ZA)

English English (St. Vincent)

Deutsch German

Español Spanish (Latam)

Español Spanish (Spain)

Français French

Dansk Danish

Italiano Italian

Nederlands Dutch

العربية Arabic

Svenka Swedish

Tiếng việt Vietnamese

Bahasa Melayu Malay

ภาษาไทย Thai

繁體中文 Traditional Chinese

简体中文 Simplified Chinese

Tagalog Tagalog

தமிழ் Tamil

हिन्दी Hindi

Português Portuguese

Bahasa Indonesia Indonesian

한국어 Korean

English English (BVI)
Markets

Products

Forex

Shares

Commodities

Indices

Crypto

ETFs

Bonds
Trading

Trading Platforms

Web Platform

App

MT4

MT5

Trading Central

Trading Tools

CFD Trading Calculator

Forex Margin Calculator

Commodities Profit Calculator

Forex Profit Calculator

Economic Calendar

Quotes

Forex Heatmap

Trading Info

CFD Trading

CFD Asset List

Trading Conditions

Trading Hours

Expiration Dates

Upcoming Trading Holidays

Weekly Expiration Rollover

Trading Features

Depth of Market
Learn

Learn to Trade

Glossary

Education Centre

Trading Basics

Video library

News & Analysis

News

Academy

Trader's clinic

Webinars

US Nonfarm Payrolls
Promo

Welcome Bonus

Reward Hub

marketsClub

Loyal Bonus

Referral Bonus

Swap-free Accounts
Partnership

Affiliation

IB
About

About Markets.com

Why markets.com

Global Offering

Our Group

Careers

Awards and Media

Help Support

FAQ

Help Centre

Contact Support

Complaints

Data & Security

Safety Online

Cookie Disclosure

Legal Pack

Legal Documents

Language

Crypto Firms Unite to Form Blockchain Payments Consortium

Friday Nov 7 2025 06:10

2 min

Table of Contents

1. Article Summary
2. Formation of the Blockchain Payments Consortium
3. Consortium's Objectives
4. Key Metrics
5. Framework Aspirations
6. A Critical Step Towards Maturity

Article Summary

Formation of the Blockchain Payments Consortium (BPC) by seven major crypto firms.
The BPC aims to establish common standards for cross-chain stablecoin transfers.
Stablecoin transfer volumes exceeded Visa and Mastercard combined in 2024.
The BPC seeks to streamline cross-border payments and integrate blockchain with traditional finance.

Formation of the Blockchain Payments Consortium

Following a banner year in 2024, where stablecoin transfer volumes outpaced those of Visa and Mastercard, seven leading cryptocurrency firms have united to forge common standards for cross-chain stablecoin transfers. Fireblocks, the Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation announced on Thursday their collaboration to form the Blockchain Payments Consortium (BPC).

Consortium's Objectives

The group intends to create a “common framework that enhances blockchain transactions with traditional data requirements of traditional payments.” The BPC stated in its manifesto, “Blockchain rails are reshaping the global payments landscape. But for blockchain payments to reach full potential, we must address the inconsistent and fragmented experiences individuals and institutions face when moving between traditional payments and blockchain.”

Key Metrics

Stablecoin transfer volumes have increased by 4.36% in the last 30 days, with adjusted transaction volume reaching $3.7 trillion, according to blockchain analytics platform Artemis Terminal. For the entirety of 2024, the total reached $27.6 trillion, surpassing the combined volumes of Visa and Mastercard by 7.7%.

Framework Aspirations

Among the BPC's primary objectives is enabling faster, lower-cost cross-border payments and remittances, while also integrating blockchain ecosystems into traditional finance and aligning with regulatory bodies. The BCP stated that “This will enable financial institutions, enterprises, and other organizations to build systems that work seamlessly across networks and borders.” It further added that it wants to “act as a bridge between blockchain ecosystems, regulators, and traditional financial institutions; offering a consistent, interoperable framework for compliance across jurisdictions.”

A Critical Step Towards Maturity

Raja Chakravorti, chief business officer at Stellar Development Foundation, described the alliance of crypto firms as “a critical step forward in maturing our industry.” Fireblocks added that there is “no shared language for blockchain payments,” which results in “friction, fragmentation, and missed potential.” Ran Goldi, senior vice president of payments at Fireblocks, noted that the industry has begun to see wider adoption, but further collaboration is essential. “Over the last 18 months, our industry has achieved mainstream adoption, with payments at the forefront. As more established players enter the space, improving how we collaborate, coordinate, and operate together is essential,” he said.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Written by:

Sophia Claire

Latest news

Thursday, 13 August 2026

Indices

Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens

Thursday, 13 August 2026

Indices

SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%

Thursday, 13 August 2026

Indices

KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%

Thursday, 13 August 2026

Indices

EUR/USD Holds Near 1.1535 as Flat US PPI Supports Fed Pause Bets

Thursday, 13 August 2026

Indices

Gold Rate in Dubai Today Falls as Global Bullion Prices Retreat

Thursday, 13 August 2026

Indices

Oil Prices Tumble: Demand and Inventory Build

Wednesday, 12 August 2026

Indices

Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets

Wednesday, 12 August 2026

Indices

TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector

Wednesday, 12 August 2026

Indices

Oil Prices Fall Over 1% as OPEC and IEA Cut 2026 Demand Forecasts

Wednesday, 12 August 2026

Indices

USD/JPY forecast: Rate gap limits impact of US and Japanese intervention

See all news

Crypto Firms Unite to Form Blockchain Payments Consortium

Article Summary

Formation of the Blockchain Payments Consortium

Consortium's Objectives

Key Metrics

Framework Aspirations

A Critical Step Towards Maturity

Latest news

Cookies

Strictly Necessary

Functionality Cookies

Targeting Cookies