Seven crypto giants unite to create blockchain payment standards

Key points:

• Fireblocks, Solana, TON, Polygon, Stellar, Mysten Labs, and Monad Foundation have created the Blockchain Payments Consortium (BPC).
• The group will develop common standards for cross-chain transfers and the integration of blockchain payments with banks.

Seven leading companies in the crypto industry — Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation — have joined forces to form the Blockchain Payments Consortium (BPC). The alliance intends to develop uniform standards for cross-chain transactions and unify blockchain payment processes.

Source: X.com

The BPC aims to create a structure that will allow crypto payments to meet the standards of traditional financial systems. The consortium’s manifesto states that blockchain is changing the landscape of global payments, but the lack of uniform standards is hindering its development.

Stablecoin transfer volume reached $15,6 trillion in Q3 2025

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Record volumes of stablecoin transfers

According to Cex.io, stablecoin transfers reached $15,6 trillion in Q3 2025. The total supply of stablecoins grew by $45 billion (+18%), and the market exceeded $300 billion. The main growth came from USDT, USDC, and Ethena USDe, which provided a net inflow of $46 billion.

About 71% of transactions were performed by trading bots, but retail transfers of up to $250 also reached a historic high, indicating the growing everyday use of stablecoins.

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New goals and objectives of the alliance

The BPC plans to implement a unified program to simplify international transfers and interaction with banks. Among the priorities are cheap and fast cross-border payments, as well as the creation of compatibility mechanisms between blockchain ecosystems and traditional financial institutions.

The creation of the BPC could accelerate the standardization of crypto payments and increase regulators’ confidence in blockchain technologies. Alliance members hope that the unified structure will serve as a bridge between the crypto industry and traditional finance, facilitating the integration of blockchain solutions into global payment networks.