Seven leading blockchain infrastructure providers, including the Stellar Development Foundation, announced the formation of the Blockchain Payments Consortium (BPC) to establish common standards and frameworks enabling frictionless, compliant transactions across blockchain networks and borders.
The Blockchain Payments Consortium (BPC) was launched by Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation, and the TON Foundation. The consortium aims to address fragmentation in blockchain payments by defining safe, common standards that work seamlessly across networks. With global onchain payment volume exceeding $15 trillion in 2024 and stablecoins now settling more value than Visa and Mastercard combined, the BPC seeks to bridge blockchain ecosystems, regulators, and traditional financial institutions. The initiative will create a consistent, interoperable framework to enhance compliance across jurisdictions and enable financial institutions and enterprises to build systems that operate at global scale.
