<\/p>\n
Solana launches an API-based developer platform for institutions, landing Mastercard, Western Union and Worldpay as early users for stablecoin and payment rails.<\/p>\n
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The Solana Foundation on March 24 launched the Solana Developer Platform, a one-stop API-based infrastructure layer designed for financial institutions and enterprises seeking to build tokenized deposits, stablecoins, and real-world payment flows directly on the Solana (SOL) blockchain \u2014 with Mastercard, Western Union, and Worldpay joining as its first institutional adopters.<\/a>\u200b<\/p>\n The announcement lands at a moment of considerable momentum for Solana as a payments infrastructure. In February 2026, the network processed a record\u00a0$650 billion in stablecoin volume, more than doubling its previous peak and overtaking both Ethereum and Tron to claim the largest share of the $1.8 trillion global stablecoin market. The stablecoin sector itself now sits at approximately $328 billion in total market capitalization, according to rwa.xyz.<\/a>\u200b<\/p>\n The SDP is structured around three core modules: issuance, payments, and trading. The issuance and payments modules are live immediately, allowing institutions to issue tokenized deposits, GENIUS-compliant stablecoins, and tokenized real-world assets, while also managing fiat and\u00a0stablecoin\u00a0flows \u2014 including on-ramps, off-ramps, and on-chain transactions. A trading module supporting atomic swaps, vaults, and on-chain foreign exchange is expected later in 2026.<\/a>\u200b<\/p>\n To underpin institutional requirements, Solana integrated more than 20 infrastructure partners across node infrastructure, wallets, compliance, and payment ramps. Modern Treasury, the payments software company, was selected as the platform\u2019s payments infrastructure partner. \u201cSolana processes tens of millions of transactions daily with near-instant settlement,\u201d said Matt Marcus, co-founder and CEO of Modern Treasury. \u201cBy integrating Modern Treasury\u2019s payments software, we\u2019re helping make that infrastructure usable for enterprises that need strong controls, reliability, and compliance from day one.\u201d<\/a>\u200b<\/p>\n The three launch partners each represent a distinct institutional use case. Mastercard has joined to explore stablecoin settlement, Worldpay is using the tools for merchant payments and settlement, and Western Union \u2014 which has been\u00a0deepening its Solana footprint\u00a0since partnering with Crossmint in March to support its USDPT stablecoin on the network \u2014 is using the platform for cross-border payment flows.<\/p>\n <\/p>\n Malcolm Clarke, VP of Digital Assets at Western Union, framed the integration as an extension of the company\u2019s core infrastructure rather than a replacement. \u201cSolana Developer Platform lets us extend what Western Union already does best \u2014 moving money reliably across borders \u2014 by adding an API-driven, on-chain layer that can orchestrate fiat and stablecoin flows end-to-end,\u201d Clarke said. \u201cIt\u2019s not a replacement for our network; it\u2019s a modern extension that helps us innovate faster, expand new use cases, and bring more cross-border activity on-chain in a scalable, compliant way.\u201d<\/a>\u200b<\/p>\n Catherine Gu, Head of Product for Digital Assets at the Solana Foundation, described the platform as an \u201ceasy gateway\u201d for any institution to start building immediately, noting that the fully API-based design removes the technical and operational barriers that have historically slowed enterprise blockchain adoption.<\/a>\u200b<\/p>\n The SDP launch is the latest in a string of enterprise moves on\u00a0Solana, which has increasingly positioned itself as the settlement layer of choice for payment-focused blockchain applications. Wyoming launched its state-issued\u00a0FRNT stablecoin\u00a0on Solana in January 2026, while Backpack rolled out on-chain IPO access using Solana rails in March.\u00a0SOL\u00a0was trading near $84 to $95 at the time of the announcement, with $80 acting as key near-term support.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Solana launches an API-based developer platform for institutions, landing Mastercard, Western Union and Worldpay as early users for stablecoin and payment rails. Summary The Solana Foundation launched the Solana Developer…<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24343"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24343\/revisions"}],"predecessor-version":[{"id":24344,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24343\/revisions\/24344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Solana \u2013 A Platform Built for Institutional Scale<\/h2>\n
Solana\u2019s Institutional Moment<\/h2>\n