Stellar Development Foundation Joins Blockchain Payments Consortium as Founding Member
Author
Stellar Development Foundation
Publishing date
Seven leading blockchain infrastructure providers–Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation and the TON Foundation– announced the formation of the Blockchain Payments Consortium (BPC), an initiative to enable frictionless, compliant transactions across networks and borders.
Global onchain payment volume exceeded $15 trillion in 2024 and stablecoins now settle more value than Visa and Mastercard combined. Despite this, blockchain payments remain fragmented, with each network operating under different technical and compliance standards. The Blockchain Payments Consortium (BPC) brings together leading infrastructure providers to enable frictionless, compliant transactions across networks and borders, laying the foundation for a unified global payments system, for businesses and consumers alike.
Stellar has facilitated billions in payments, proving blockchain's ability to move value efficiently at scale. But true global adoption requires more than just speed and low costs—it demands trust, interoperability, and clear standards. The Blockchain Payments Consortium represents a critical step forward in maturing our industry. We've always believed that financial infrastructure should be open and accessible to all, and BPC's mission to establish common frameworks across networks aligns perfectly with that vision."
Raja Chakravorti, Chief Business Officer, Stellar Development Foundation
Mission Statement
Blockchain Payments Consortium (BPC) is a new industry consortium uniting leading blockchain networks. Our mission is to define safe, common standards that can shape better payment experiences for everyone.
Blockchain rails are reshaping the global payments landscape. But for blockchain payments to reach full potential, we must address the inconsistent and fragmented experiences individuals and institutions face when moving between traditional payments and blockchain.
BPC will define a common framework that enhances blockchain transactions with data requirements of traditional payments. This will enable financial institutions, enterprises, and other organizations to build systems that work seamlessly across networks and borders.
We will act as a bridge between blockchain ecosystems, regulators, and traditional financial institutions — offering a consistent, interoperable framework to enhance compliance across jurisdictions.
Together, we can lay the foundation for blockchain payments to operate on a global scale: fast, trusted, and truly interoperable.