Solana launches SDP, an API-based development platform for institutions.

CoinFeed reported on March 24 that the Solana Foundation 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 main API modules: an issuance module supporting the issuance of compliant stablecoins and deposit-type tokens; a payment module orchestrating on-chain/off-chain fund flows and B2B payments between fiat currency and stablecoins; and a transaction module supporting atomic swaps, treasuries, and foreign exchange.