Overview
- The Blockchain Payments Consortium debuted with Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation as founding members.
- Its initial mandate targets uniform rules for moving stablecoins between blockchains to cut friction and make reconciliation more reliable.
- The effort plans to define how transaction metadata and compliance handshakes travel with transfers so institutions receive consistent origin, purpose, and risk signals.
- Reported deliverables include shared data formats, API patterns, and recommended checks for service providers that process cross-chain payments.
- Leaders frame the group as a liaison to regulators and traditional finance, noting massive 2024 on-chain volumes as justification, while emphasizing that formal specifications have not yet been released.