Stablecoin payments: BPC to standardize cross‑chain payments in 2025

Fireblocks and six other infrastructure groups launched the Blockchain Payments Consortium to improve interoperability and compliance in cross-network settlement and institutional integration.

What is the Blockchain Payments Consortium and how will it affect cross chain stablecoin transfers?

The consortium unites Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation and the TON Foundation. Its stated aim is to simplify cross-network settlement for institutions and enable reliable cross chain stablecoin transfers. In this context, members say the initiative responds to fragmentation and the need for common data requirements.

These comments show strong coordination around core rails. Experts note the move creates strong potential to reduce settlement risk and speed reconciliation, while lowering onboarding costs for banks.

How does the blockchain payments consortium plan interoperable stablecoin payments and global blockchain payment standards?

The group will work on technical standards and an operational playbook. The objective is interoperable stablecoin payments and global blockchain payment standards.

Ran Goldi, SVP of Payments and Network at Fireblocks, said, “Over the last 18 months, our industry has achieved mainstream adoption, with payments at the forefront.” (CryptoNews). Meanwhile, stakeholders plan a stablecoin payment compliance framework that mirrors traditional rails’ data and AML controls.

The initiative deliberately targets enterprise trust and regulatory alignment. This approach should create strong alignment across networks and help institutions adopt standardised APIs and reconciliation formats.

What do the latest stablecoin news and timelines mean for compliance and volume?

The consortium highlighted that there is currently over $10 trillion annual stablecoin transaction volume. It added that 2024 on-chain payment volume was nearly $20 trillion, surpassing Visa and Mastercard combined. Those figures underline why industry standards matter to banks and payment processors.

Working groups launching in Q1 2025 will focus on settlement primitives, compliance, and interoperability. As Raja Chakravorti put it, “true global adoption requires more than just speed—it demands trust, interoperability, and clear standards.” BlackRock IBIT added, “Through the Blockchain Payments Consortium, we’re uniting networks, institutions, and enterprises to make blockchain payments fast, trusted, scalable, and global.”

Analysts expect the working groups to prioritise data schemas and institutional integration patterns. That should lower reconciliation friction and reduce operational risk for large-volume flows, a strong incentive for treasury teams.

Early collaboration should reduce operational friction and lower integration costs. The move indicates major networks expect institutional flows to scale, and that industry players will coordinate rather than compete on basic rails.

The announcement and quoted remarks are from the consortium launch coverage and official statements; some operational details remain. For background on related company statements and updates, see Fireblocks News.