Solana Foundation names Mastercard, Western Union as early enterprise AI platform users
The post Solana Foundation names Mastercard, Western Union as early enterprise AI platform users appeared on BitcoinEthereumNews.com.
The Solana Foundation has launched a platform that combines the APIs of over 20 Solana infrastructure providers in one place, making it easier for companies to build and launch their financial products. MasterCard, Worldpay and Western Union have been named as the first builders on the SDP. All three companies use the platform differently: Mastercard for stablecoin settlement, Worldpay for merchant payments and settlement, and Western Union for cross-border payments. What does the Solana Developer Platform do? The Solana Foundation has launched the Solana Developer Platform (SDP), which allows enterprises and financial institutions to build and launch financial products on Solana entirely through APIs. The SDP’s three core API modules include the issuance module, the payment module and the trading module. The issuance module lets users issue tokenized deposits, GENIUS-compliant stablecoins, or tokenized real-world assets (RWAs). The payments module allows users to convert fiat to crypto (on-ramp), convert crypto to fiat (off-ramp) and send stablecoin on-chain for B2B, B2C, and P2P use cases. Unlike the issuance and payment modules, the trading module is yet to go live, but it enables financial operations such as atomic swaps, vaults, and on-chain foreign exchange. The infrastructure partners for SDP were selected across node infrastructure, wallets, compliance, and ramps in order to address the specific needs of institutions entering the market. The platform also works out of the box with AI coding platforms like Claude Code by Anthropic and Codex by OpenAI. Institutional SDP usage Three major financial companies are confirmed as early users of the platform, each with a distinct use case. Mastercard is using SDP for stablecoin settlement, Worldpay for merchant payments and settlement, and Western Union for cross-border payments. Raj Dhamodharan, the Executive Vice President of Blockchain and Digital Assets at Mastercard, said the company is helping enable direct stablecoin settlement…
Filed under: News - @ March 25, 2026 12:27 am