Multi-chain ecosystem moves towards unification: How the Blockchain alliance is reshaping the future of crypto payments

The fragmentation issue in crypto payments is becoming a bottleneck for industry development. To break this deadlock, Mysten Labs (the core development team of Sui blockchain) has announced the formation of the Payment Standardization Alliance together with industry leaders such as Solana, Polygon, Stellar, TON, and Fireblocks. What is the essence of this collaboration? It is to enable independently operated blockchain networks to establish a unified language in the payment field, eliminating technical barriers.

Why is it necessary for someone to push for standardization at this moment?

The current stablecoin market is experiencing explosive growth, but it is accompanied by chaos—each blockchain has its own rules, cross-chain transfers carry risks, and user experience varies widely. This decentralized state is like different regions having different traffic rules; no one knows how to cross borders safely.

The core tasks of the Payment Standardization Alliance include three aspects:

First is clear definition. What constitutes a valid on-chain payment transaction? Consensus must be reached across all participating blockchain networks to ensure transaction legality and traceability.

Second is balancing privacy and compliance. User data protection and regulatory transparency often conflict, but a standard framework can help all parties find an acceptable middle ground.

Finally is ensuring smooth cross-chain collaboration. Whether assets are on Sui, Solana, or Polygon, transfers should be secure and efficient, and technical compatibility should not be an obstacle.

How strong is the lineup behind this collaboration?

The diversity of alliance members itself demonstrates the importance of the issue. Solana and Polygon represent different technical directions of Layer 1 solutions; Stellar and TON focus on payment scenarios; Fireblocks brings institutional-grade security practices. These former competitors choosing to join hands on payment issues reflect a reality: to bring blockchain technology to the masses, the industry must unite rather than work in silos.

What challenges will this goal face?

Building consensus in a decentralized ecosystem is inherently difficult. The underlying architectures and economic models of different blockchains vary greatly, requiring substantial engineering and diplomatic efforts to reach agreement on payment standards.

Additionally, conflicts between privacy protection and regulatory compliance still exist—overly strict standards may lead to excessive regulation, while too lenient standards may fail to meet policy requirements.

However, once these obstacles are overcome, the benefits are substantial. Unified standards can accelerate application development, reduce errors, and increase traditional financial institutions’ trust in blockchain payments.

What does this mean for the crypto payment ecosystem?

Potential long-term effects:

Cross-border transfers will become cheaper and faster, allowing businesses and individuals to enjoy truly global payment convenience.

Merchant confidence will increase—clear technical standards and security frameworks will make merchants more comfortable accepting crypto payments.

Innovation will accelerate—developers won’t have to worry about blockchain compatibility issues and can focus on product development.

This is not just a technological upgrade but a signal that blockchain is transitioning from an experimental tool to a mature financial infrastructure.

Key Q&A

What is the primary goal of the alliance?

To establish a universal standard covering on-chain transaction definitions, user privacy protection, regulatory adaptation, and cross-chain interoperability, ultimately eliminating payment fragmentation.

Who are the participants?

Founding members include Mysten Labs (Sui), Solana, Polygon, Stellar, The Open Network (TON), and Fireblocks.

What will ordinary users gain?

A more stable, secure, and convenient payment experience, potentially lower fees, faster transactions, and increased scenarios for using crypto payments.

Will these blockchains merge?

No. Each chain will remain independent; the alliance is only to create a “common language” that allows them to be compatible at the payment layer.

What role do stablecoins play?

Stablecoins are the main driving force behind this standardization. Their growth highlights the urgent need for unified payment infrastructure, and new standards will significantly enhance the security and efficiency of stablecoins.

When can we expect tangible results?

The alliance has just been established, and no specific timetable has been announced. Due to the complexity of technical and regulatory protocols, the first standard proposals may be released within the next 6-12 months, with full implementation taking longer.

This move marks a new phase where blockchain payments shift from fragmented efforts to systematic and institutionalized development. All participating parties are working toward the same goal—making crypto payments a part of global infrastructure.