Superteam Australia and AUDC Pty Ltd have signed a Memorandum of Understanding to launch SOLAUDD, a Solana Grant Developer Program focused on building applications powered by $AUDD. $AUDD is a fully collateralized and regulated Australian dollar stablecoin issued by AUDC and backed 1:1. The initiative targets developers, startups, and ecosystem participants who want to build real-world financial and commercial applications on the Solana network.
Applications for Round 1 of the program are now open and will close on 25 May 2026 at 11:59 pm AEST.
Program Overview
The SOLAUDD program creates a structured pathway for Australian builders to develop and deploy applications that use Australian dollar stablecoins. The initiative focuses on practical use cases across payments, financial infrastructure, and digital commerce.
Although $AUDD is issued on multiple blockchains, the program narrows its focus to the Solana ecosystem, which offers a rich onchain culture and an active user and developer base. By combining $AUDD’s regulated infrastructure with Superteam Australia’s builder network, the program aims to move projects from concept to production more efficiently.
The program will prioritize several categories of applications, including payments infrastructure, financial applications, digital commerce, developer tooling, and integrations that simplify building with AUD stablecoins.
Selected teams will receive ecosystem support that may include funding pathways, access to developer resources, introductions to investors and partners, and operational support to move from prototype to production.
The program remains non-exclusive and is open to all Australian developers and startups building on Solana. Selected teams may receive additional support through separate agreements with either organization.
Market Context: The Rise of Non-USD Stablecoins
The launch of SOLAUDD aligns with a broader shift toward local currency stablecoins. According to Dune’s Beyond Dollarization report, local currency stablecoins are emerging as a key layer of payment and settlement infrastructure, enabling national currencies to move across blockchain networks in real time.
Adoption metrics show strong growth. The report highlights that the total supply of non-USD stablecoins reached approximately $1.2 billion by February 2026, while the number of unique holders expanded from around 40,000 in early 2023 to over 1.2 million.
Transfer activity has also accelerated significantly. Monthly transfer volume increased from about $600 million in January 2023 to $10 billion by February 2026, indicating rising real-world usage rather than speculative holding.
This trend reflects a growing demand for stablecoins that maintain local currency denomination while enabling global settlement. Use cases include cross-border payments, merchant settlement, treasury management, and FX operations.
On Solana specifically, the supply of non-USD stablecoins reached a new all-time high of $180.1 million.
Growth has been driven by assets such as $EURC and $BRZ, reinforcing the network’s positioning as a payments-focused blockchain with sub-second finality and near-zero fees. Institutional integrations from Visa, Stripe, PayPal, Mastercard, and Western Union further support this positioning.
Solana’s Expanding Developer Ecosystem
The SOLAUDD program also builds on strong developer momentum within the Solana ecosystem. Data from Syndica shows that Solana increased its share of active developers from 6 percent in 2020 to 23 percent in 2026, while Ethereum’s share declined from 82 percent to 31 percent over the same period.
In 2025 alone, Solana attracted approximately 4,100 new developers, surpassing Ethereum’s 3,700. Together with Base, the top three ecosystems accounted for 61 percent of all new developers that year.
The introduction of the Solana Developer Platform in March 2026 further supports enterprise adoption. Early participants include Mastercard, Worldpay, and Western Union, signaling increased institutional involvement.
Ecosystem Activation Through National Tour
The launch of SOLAUDD coincides with Superteam Australia’s national tour, which brings together developers, founders, venture capital firms, and institutional stakeholders across four cities.
The initial event took place in Sydney, and the Melbourne event is scheduled for today. Several more events are planned for the coming weeks. The program will feature prominently at these events, with AUDD representatives engaging directly with developers and ecosystem participants, building on Superteam’s track record of strengthening Solana’s global developer ecosystem through its expanding network of local chapters.
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