Blockchain Giants Unite in $10T Consortium to Standardize Cross-Chain Stablecoin Payments

06.11.2025 17:57 8 sources positive
MATIC MATIC
SOL SOL $138.72 +3.71%
XLM XLM $0.25 +5.43%
TON TON $1.65 +1.97%
SUI SUI $1.63 +2.41%

Seven leading blockchain infrastructure providers—Fireblocks, Polygon Labs, Mysten Labs (Sui), the Monad Foundation, the Solana Foundation, the Stellar Development Foundation, and the TON Foundation—have launched the Blockchain Payments Consortium (BPC), an industry-wide initiative to standardize digital asset transactions across networks. The founding members represent over $10 trillion in annual stablecoin transaction volume, with on-chain payment volume reaching nearly $20 trillion in 2024, surpassing the combined total of Visa and Mastercard.

Despite this growth, blockchain payments remain fragmented due to differing technical standards, compliance protocols, and settlement mechanisms. The BPC will develop a unified framework to make cross-chain stablecoin transactions as seamless and data-compliant as traditional payments, focusing on interoperability and regulatory consistency. Ran Goldi, SVP of Payments and Network at Fireblocks, emphasized, "As more established players enter the space, improving how we collaborate, coordinate, and operate together is essential."

Executives from other members echoed this sentiment. Jamal Raees of Polygon Labs noted, "The future of payments is about connection and simplicity," while Lola Oyelayo-Pearson of Mysten Labs highlighted that interoperability standards are crucial for mainstream adoption. The consortium will begin operations immediately, with working groups on technical standards, compliance frameworks, and institutional integration set to launch in Q1 2025.

MATIC MATIC
Polygon's inclusion in the $10T Blockchain Payments Consortium represents a strong fundamental catalyst. This institutional-grade partnership enhances MATIC's utility in cross-chain stablecoin transactions, positioning it as a core infrastructure player. The consortium's focus on interoperability standards could drive long-term adoption and network value. Short-term sentiment is positive given Polygon Labs' prominent role, though technicals suggest near-term consolidation may precede significant price appreciation.
Technical analysis
Technicals show mixed signals with RSI neutral (41.7-52.3), ADX indicating strong trend (63 on 15m), but weak momentum (MACD near zero). Volume below average suggests limited immediate buying pressure, potentially delaying news-driven rally despite bullish fundamentals.
SOL SOL $138.72 +3.71%
The Blockchain Payments Consortium announcement represents a major fundamental catalyst for SOL, positioning Solana Foundation alongside industry leaders in a $10T+ stablecoin initiative. This institutional validation and focus on cross-chain interoperability should drive long-term adoption and network utility. However, technical indicators show SOL is in a corrective phase across multiple timeframes, with price trading below key EMAs and RSI in oversold territory on 4H. Short-term, expect consolidation or slight pullback despite positive news, with stronger bullish momentum likely emerging after technical recovery.
Technical analysis
Technical indicators contradict bullish news: RSI oversold (35 on 4H), price below EMA20/50 across timeframes, and negative MACD suggest ongoing correction. Volume patterns show limited buying interest despite consortium announcement. Short-term resistance at $158-162 zone.
XLM XLM $0.25 +5.43%
The $10T Blockchain Payments Consortium announcement represents a major fundamental catalyst for XLM. As a founding member alongside industry giants processing $20T in annual volume, Stellar gains institutional credibility and network positioning. This consortium directly addresses XLM's core value proposition - cross-border payments - by standardizing interoperability and compliance. Short-term sentiment is strongly positive given the scale and institutional backing. Long-term, this positions XLM as a potential infrastructure standard for cross-chain stablecoin transactions, driving adoption and utility beyond current levels. However, immediate price reaction may be tempered by technical resistance levels.
Technical analysis
Technical indicators show mixed signals with RSI at oversold levels (36-46 across timeframes) suggesting potential bounce, but ADX above 40 indicates strong downtrend. Volume remains below 20-period averages across most timeframes, lacking conviction. Current price trades below key EMAs and VWAP, confirming bearish near-term structure despite oversold conditions.
TON TON $1.65 +1.97%
The $10T Blockchain Payments Consortium represents a major fundamental catalyst for TON, positioning it alongside industry leaders in cross-chain standardization. This institutional-grade partnership signals strong long-term adoption potential for TON's payment infrastructure. However, the immediate price impact may be tempered as the consortium's operational phase begins in Q1 2025. Short-term, the news provides positive sentiment but requires technical confirmation for sustained momentum. Long-term, this elevates TON's strategic position in the payments ecosystem.
Technical analysis
Mixed technical signals: RSI at 48-52 shows neutral momentum, while ADX 31-53 indicates strong trend presence. Volume spike on 4H timeframe (639K vs 20K MA) confirms institutional interest. Current price consolidating near key pivots suggests accumulation phase before potential breakout.
SUI SUI $1.63 +2.41%
The $10T Blockchain Payments Consortium represents a major fundamental catalyst for SUI, positioning Mysten Labs alongside industry leaders in standardizing cross-chain stablecoin payments. This institutional-scale partnership enhances SUI's credibility and adoption prospects, creating long-term value through interoperability leadership. Short-term, the news provides strong bullish sentiment, though current technical weakness may delay full price realization. Long-term, this consortium membership solidifies SUI's position in the payments infrastructure landscape, driving network utility and potential price appreciation as standards develop through 2025.
Technical analysis
Technical indicators show bearish momentum with RSI at 34.47 (4h) indicating oversold conditions, MACD negative across timeframes, and price below key EMAs. However, oversold RSI suggests potential for relief bounce to align with positive fundamental news.
Sources
Solana Leads New Global Alliance to Standardize Blockchain Payments
coindoo.com 08.11.2025 00:00
Solana Co-Founds Global Blockchain Payments Consortium to Standardize Stablecoin Transactions
ethnews.com 07.11.2025 23:00
New Crypto Group Joins Forces to Revolutionize Blockchain Payments
coincentral.com 07.11.2025 17:19
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