A new blockchain payment consortium has been formed by Sui, Solana, Polygon, and other major players to standardize cryptocurrency payment protocols. The group, which includes Stellar, TON, and Fireblocks, aims to unify crypto payment systems and stablecoin frameworks. Their objectives include defining transaction validity, enhancing privacy, and improving blockchain interoperability. The consortium's founding members emphasize the importance of a collaborative approach to scale cryptocurrency adoption. They face challenges such as aligning technical models and balancing privacy with regulatory compliance. If successful, the initiative could lead to faster, cheaper global payments and increased crypto adoption by merchants.