A brand new trade group referred to as the Blockchain Payments Consortium has shaped with the purpose of setting widespread guidelines for the way blockchains transfer cash.
In response to statements from members and trade summaries, the consortium brings collectively seven main corporations and foundations that help totally different blockchains and infrastructure.
The group says it desires a shared framework that covers each the technical steps of a switch and the compliance information that banks and regulators anticipate.
Blockchain: Standardizing Cross-Chain Stablecoin Transfers
The founding members listed embrace Fireblocks, Solana Basis, TON Basis, Polygon Labs, Stellar Improvement Basis, Mysten Labs and Monad Basis.
Primarily based on studies, the preliminary focus might be on stablecoin payments that transfer between totally different blockchains. That space has grown massive: on-chain funds final yr had been reported at roughly $20 trillion in complete quantity, a determine that market watchers level to when arguing for clearer, shared guidelines.
15T+ settled on-chain in 2024.
Stablecoins now transfer greater than Visa and Mastercard mixed.However blockchain funds stay fragmented.
Every community runs on totally different technical and compliance requirements.Think about what occurs when all of it works collectively.
That’s what the Blockchain… pic.twitter.com/yQp7TpypV6— Fireblocks (@FireblocksHQ) November 6, 2025
Why The Group Fashioned
Trade sources say the consortium’s backers wish to cut back friction that arises when one chain speaks a technique and one other chain speaks a distinct means.
Studies observe that corporations and banks typically want constant information connected to funds — issues like origin, objective and compliance flags — earlier than they'll settle for a fee.
The consortium goals to outline how that information ought to journey together with a token when it crosses networks, and the way settlement and reconciliation must be dealt with so corporations can depend on the end result.
In response to BPC, blockchain rails are “reshaping the worldwide funds panorama.” However for blockchain funds to achieve full potential, the group mentioned they need to “handle the inconsistent and fragmented experiences people and establishments face when transferring between conventional funds and blockchain.”
As of right this moment, the market cap of cryptocurrencies stood at $3.34 trillion. Chart: TradingView
Cross-Trade And Regulatory Attain
The group plans to behave as a bridge between blockchain initiatives and regulators. It expects to suggest templates that exchanges, custodians and fee processors can use in order that audits and reporting grow to be simpler.
Some members have warned that getting regulators throughout a number of jurisdictions to just accept the identical method might be troublesome. Studies additionally level out that totally different chains use totally different technical designs, which makes a one-size-fits-all answer arduous to implement.
The consortium has described its work usually phrases to this point, specializing in a framework fairly than a completed protocol. Primarily based on studies, concrete outputs might embrace information codecs, API patterns and advisable checks that service suppliers ought to run throughout cross-chain transfers.
Featured picture from Yuichiro Chino/Getty Photos, chart from TradingView
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