Blockchain Firms Form BPC to Simplify Crypto Payments

Blockchain Firms Launch BPC to Simplify Cross-Network Crypto Payments

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 07, 2025

Key Takeaways

Seven major blockchain firms formed the Blockchain Payments Consortium (BPC) to unify how stablecoin transfers work across different blockchains;
The BPC aims to build shared technical and compliance standards that make crypto payments align with traditional finance systems;
The group plans to simplify cross-network and international transfers while cooperating with banks, regulators, and payment providers.

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On November 6, a group of seven blockchain-related companies teamed up to improve how stablecoin transactions work across different blockchains.

The companies, Solana SOL $160.18 Foundation, TON TON $2.09 Foundation, Polygon MATIC $0.1995 Labs, Fireblocks, Stellar XLM $0.2864 Development Foundation, Mysten Labs, and Monad Foundation, have formed a group called the Blockchain Payments Consortium (BPC).

Their goal is to introduce a shared structure that makes crypto payments more compatible with the kind of data and rules used in traditional financial systems.

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The BPC stated that current blockchain payments can be confusing due to how different platforms operate. They aim to make things simpler, especially when funds are transferred internationally or across networks.

In their announcement, the BPC emphasized the importance of making blockchain work better alongside banks, payment providers, and regulators.

They want to create technical standards that can be used across different networks and regions, which helps companies build systems that function without compliance or integration roadblocks.

The BPC also said it wants to help close the gap between crypto systems and traditional finance by working with regulators.

This decision follows a year in 2024, where stablecoin transfers exceeded the transaction volumes of payment platforms like Visa and Mastercard.

Recently, several DeFi companies, including Aave AAVE $206.49 Labs, Aragon ANT $0.4306 , and the Uniswap UNI $5.85 Foundation, formed the Ethereum Protocol Advocacy Alliance (EPAA). What is it? Read the full story.