A group of leading blockchain networks and infrastructure firms has launched the Blockchain Payments Consortium (BPC) to create unified technical and compliance standards for crypto payments. Founding members include Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Monad, and Mysten Labs.
The consortium aims to harmonize cross-chain stablecoin transfers, data formats, and settlement workflows so payments can move with the speed and reliability of traditional rails. Initial working groups will focus on interoperability, KYC/AML requirements, and enterprise integration, with draft specifications expected to guide wallets, processors, and merchants.
Backers say consistent standards can reduce fragmentation, lower costs, and expand real-world use of blockchain payments, particularly for remittances, commerce, and B2B payouts, as on-chain transfer volumes reach into the trillions annually.