PANews, March 24: The Solana Foundation has launched the Solana Developer Platform (SDP) for institutions, with Mastercard, Western Union, and Worldpay among the early adopters. Mastercard will leverage SDP to enable direct settlement of stablecoins on networks like Solana, expanding its stablecoin business. SDP offers three core API modules: the Issuance module supports the issuance of compliant stablecoins and deposit tokens; the Payments module orchestrates on-chain and off-chain fiat and stablecoin flows, as well as B2B payments; and the Trading module enables atomic swaps, custody, and foreign exchange functionalities. Western Union stated it will overlay an on-chain API layer atop its existing cross-border remittance network to advance compliant and scalable on-chain cross-border payment solutions.
Solana Launches Institutional API Platform SDP with Mastercard and Western Union as Early Adopters
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Summary
Solana has announced the launch of the Solana Developer Platform (SDP), an API-based tool designed to drive institutional adoption. Mastercard, Western Union, and Worldpay are among the early adopters. Mastercard will use SDP to enable direct stablecoin settlement across Solana and other networks. The platform includes modules for issuance, payments, and trading, supporting on-chain news and B2B transactions. Western Union plans to integrate an on-chain API layer into its cross-border remittance network.
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