New crypto group aims to make unified standards for blockchain transactions

The Blockchain Payments Consortium, made up of several major crypto firms, was formed to create a “common framework that enhances blockchain transactions.”

Seven crypto firms have joined forces to establish common standards for crosschain stablecoin transfers, following a bumper year in 2024 where transfer volumes surpassed those of Visa and Mastercard. 

Fireblocks, the Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs and Monad Foundation said on Thursday they’re linking up to form the Blockchain Payments Consortium (BPC).

The group is aiming to create a “common framework that enhances blockchain transactions with traditional data requirements of traditional payments.”

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