Avalanche Launches Payments Collective with 28 Major Financial Institutions
Avalanche has launched the **Avalanche Payments Collective**, bringing together 28 organizations across the payments infrastructure stack.
**Founding members include:**
- Major asset managers: Franklin Templeton, VanEck
- Infrastructure providers: Anchorage Digital, Paxos, Kraken
- Stablecoin issuers: Agora, Ethena, Brale
- Payment processors: Tassat, Axiym, Rain
The collective spans operations across **150+ countries, 96 currencies, and approximately 22 billion payout endpoints**.
The initiative addresses the complexity of global payments by coordinating liquidity, settlement, compliance, treasury management, custody, foreign exchange, and local payment networks on a single platform.
Avalanche has been building its payments ecosystem over several years, with recent milestones including Lynq Network's migration for real-time payments and Axiym Finance surpassing $1.2B in cross-border payment volume.
[Read more](https://www.avax.network/about/blog/avalanche-payments-collective)