Crypto Firms Join Forces to Create Unified Standards for Blockchain Payments

Seven prominent cryptocurrency firms have joined forces to establish a common framework for cross-chain stablecoin transfers. This initiative comes on the heels of a record-breaking year in 2024, where stablecoin transfer volumes eclipsed those of global payment giants Visa and Mastercard. The Blockchain Payments Consortium (BPC) will aim to bridge the gap between traditional financial systems and blockchain technology, fostering seamless payments across borders.