7
Huma has officially joined the Global Dollar Network, a strategic coalition of leading fintech and crypto organizations aimed at driving the mainstream adoption of stablecoins.
Spearheaded by Paxos and powered by the USDG stablecoin, the GDN is focused on fostering real-world utility through regulatory alignment, shared incentives, and scalable infrastructure. By integrating with GDN, Huma joins forces with members including Robinhood, Kraken, Nuvei, Anchorage, and Worldpay.
The move deepens Huma’s role in the rapidly growing PayFi sector, as stablecoins like USDG emerge as the backbone of programmable finance, especially for cross-border payments and real-time financial settlements.
“Stablecoins are ready to power global payments and fintechs, however single issuer stablecoins fail to create the network effect needed to accelerate adoption,†said Erbil Karaman, co-founder of Huma. “That’s why we are so excited to be joining GDN alongside many of our existing partners and bring the PayFi movement to the masses.â€
At the heart of GDN is USDG, a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore. It is designed to comply with the Monetary Authority of Singapore’s stablecoin regulatory framework, offering a trusted option for enterprise adoption. USDG is available available on Solana (SOL), Ethereum (ETH), and other MAS-approved public chains, with Solana as the preferred platform due to its unmatched speed, cost-efficiency, and capacity for real-time transaction volume.
With an estimated $3.5 to $4 billion in daily stablecoin activity already taking place on Solana, USDG is primed to scale fast. The network’s revenue-sharing model rewards GDN partners for minting, holding, and transacting USDG, lowering the barrier to entry and enabling wide-scale utility without the need for each participant to issue their own stablecoin.
Ronak Daya, Head of Product at Paxos, noted, “Huma joins Global Dollar Network with a proven track record in delivering liquidity and credit solutions for global payments. Their infrastructure directly strengthens our network partners’ ability to move money efficiently across borders.â€
Huma’s PayFi network has already processed over $4.5 billion in payment-backed transactions, serving a global payments market estimated to exceed $30 trillion annually. With regulatory clarity emerging through initiatives like the GENIUS Act, Huma’s integration into GDN positions it at the forefront of “always-on†financial infrastructure.
By joining GDN, Huma is doubling down on its mission to bridge the gap between traditional and decentralized finance, enabling programmable, compliant, and efficient global money movement powered by stablecoins like USDG.
浏览量12
浏览量14
浏览量11
浏览量8
浏览量8
