MoneyGram Joins Solana as Validator, Adopts SDP’s One-API for Stablecoin Issuance

MoneyGram has become an active validator on the Solana blockchain and joined the Solana Developer Platform (SDP) as an early adopter, according to a joint announcement on June 22, 2026. The move places a global payments firm with over 60 million active customers directly inside Solana’s proof-of-stake consensus mechanism, while also adopting SDP’s single API for stablecoin issuance and payment ramps.

MoneyGram’s Dual Role on Solana

In a press release, MoneyGram confirmed it is now an active validator on Solana’s proof-of-stake network, meaning the company helps process transaction blocks and secure the network. The firm’s Chief Product and Technology Officer, Luke Tuttle, said the role places MoneyGram inside the consensus process it uses for money movement. The company will stake SOL tokens as part of its validator duties.

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MoneyGram’s participation builds on over five years of blockchain infrastructure work. Its systems already support both fiat and stablecoin transactions across multiple business lines. The company operates through nearly half a million retail locations and a digital network reaching billions of devices.

SDP’s One-API Approach to Stablecoins

MoneyGram is also an early adopter of the Solana Developer Platform, which offers enterprises a single API gateway for stablecoin issuance, on/off-ramp orchestration, and token extensions. SDP is designed for companies building regulated financial products on blockchain rails. The platform’s early user base includes institutions such as Mastercard, according to the announcement.

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The company said its involvement with SDP supports its plan to make money movement work across different forms of value, including fiat currencies, stablecoins, and other blockchain-based payment systems.

Institutional Momentum for Solana Payments

Sheraz Shere, head of payments and commerce at the Solana Foundation, said MoneyGram’s validator role and SDP adoption shows growing engagement from large payment firms. He noted that more payments activity is moving onchain across global markets.

MoneyGram stated that blockchain infrastructure is becoming part of global financial services, but added that stablecoin rails will require compliance, regulatory clarity, and operational scale. The company said its Solana validator role marks the beginning of deeper ecosystem engagement, with plans to continue building payment products that support both fiat and stablecoin transactions.

Written by

Moris Nakamura

Moris Nakamura is the editor-in-chief at CryptoNewsInsights, leading editorial strategy and contributing in-depth analysis on Bitcoin markets, macroeconomic trends affecting digital assets, and institutional cryptocurrency adoption. With over ten years of experience spanning financial journalism and blockchain technology research, Moris has established himself as a trusted voice in cryptocurrency media. He began his career as a financial markets reporter in Tokyo, covering foreign exchange and commodity markets before pivoting to full-time cryptocurrency journalism during the 2017 market cycle.