A new industry group called the Blockchain Payments Consortium has formed with the aim of setting common rules for how blockchains move money.

According to statements from participants and industry summaries, the consortium brings together seven major firms and foundations that support different blockchains and infrastructure.

The group says it wants a shared framework that covers both the technical steps of a transfer and the compliance data that banks and regulators expect.

Blockchain: Standardizing Cross-Chain Stablecoin Transfers

The founding members listed include Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs and Monad Foundation.

Based on reports, the initial focus will be on stablecoin payments that move between d

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