Solana stablecoin push grows as MoneyGram joins SDP and becomes a validator, supporting issuance, ramps, and payments.
MoneyGram has joined the Solana ecosystem as an active validator, adding another payments firm to the network’s infrastructure base.
The move comes as Solana Developer Platform, or SDP, expands its role in stablecoin issuance, ramps, token extensions, and enterprise payment tools.
MoneyGram is also joining SDP as an early adopter, alongside institutions such as Mastercard, according to the company’s announcement.
The development places MoneyGram closer to Solana’s network operations while supporting its broader work in fiat and stablecoin payments.
MoneyGram Joins Solana as Validator
In a recent press release, MoneyGram said it has become an active validator on Solana’s proof-of-stake network.
As a validator, the company will help process transaction blocks and support network security.
The company said the move builds on more than five years of work with blockchain infrastructure.
Its payment systems already support both fiat and stablecoin activity across several business areas.
MoneyGram Chief Product and Technology Officer Luke Tuttle said the role places the company inside Solana’s consensus process.
He said MoneyGram will stake SOL and help run the rails it uses for money movement.
SDP Offers One API for Stablecoin Services
MoneyGram has also joined Solana Developer Platform, which provides an API-based gateway for financial products on Solana.
The platform supports stablecoin issuance, on/off-ramp orchestration, token extensions, and other enterprise tools.
SDP is designed for companies building regulated financial products on blockchain rails. MoneyGram’s participation adds a payments operator with global reach to the platform’s early user base.
SDP gives enterprises a single API-based gateway to stablecoin issuance, on/off-ramp orchestration, token extensions, and more.
Learn more about Moneygram on Solana: https://t.co/SZqh4GYlhG
— Solana (@solana) June 22, 2026
The company said its involvement with SDP supports its plan to make money movement work across different forms of value.
That includes fiat currencies, stablecoins, and other blockchain-based payment systems.
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Solana Foundation payments and commerce head Sheraz Shere said MoneyGram’s move shows growing engagement from large payment firms.
He said more payments activity is moving onchain across global markets.
MoneyGram said blockchain infrastructure is becoming part of global financial services. The company added that stablecoin rails will need compliance, regulatory clarity, and operational scale.
MoneyGram currently serves more than 60 million active customers through nearly half a million retail locations.
Its digital network also reaches billions of devices through its wider payments platform.
The company said its Solana validator role marks the beginning of deeper engagement with the ecosystem.
MoneyGram also said it will continue building payment products that support both fiat and stablecoin transactions.
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