The Good Tech Companies - Huma Joins The Global Dollar Network To Advance Stablecoin Adoption On Solana

Episode Date: June 4, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/huma-joins-the-global-dollar-network-to-advance-stablecoin-adoption-on-solana. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #huma, #chainwire, #press-release, #huma-finance-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Huma has joined the Global Dollar Network, a coalition of leading enterprises committed to accelerating the adoption of stablecoins through aligned incentives, regulatory clarity, and global utility. Huma’s PayFi network has already facilitated over $4.5 billion in payment-backed transactions. Stablecoins have become essential financial infrastructure, processing over $35 trillion in transactions in 2024 alone.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Humma joins the Global Dollar Network to advance stable coin adoption on Solana.by Chainwire. Humma has officially joined the Global Dollar Network, GDN, a coalition offleading enterprises committed to accelerating the adoption of stable coins through aligned incentives, regulatory clarity, and global utility. Launched by Paxos and powered by Global Dollar, USDG, the network includes members such as Robinhood, Kraken, Anchorage, Nuve, and Worldpay. USDG is a US dollar-backed stablecoin issued by Paxos Digital Singapore and is compliant with the Monetary Authority of Singapore's MOSS, upcoming stable coin regulatory framework.

Available on Solana, Ethereum, and other public blockchains approved by MOSS, USDG supports fast, low-cost, and secure global money movement. Significantly, USDG's preferred blockchain is Solana, chosen for its unparalleled speed, efficiency, and scalability, making it ideally suited for powering real-time financial transactions. Currently, around $3.50 to $4 billion of daily stable coin volume already occurs on Solana, highlighting its strong adoption and capacity for supporting global-scale financial operations.

A step forward for Payfish table coins have become a foundational layer of programmable finance, central to the future of PayFI and global liquidity, powering use cases from real-time settlement to cross-border payments. The global dollar network builds on this momentum with a model designed to strengthen and scale the PayFI ecosystem. Aligned Incentives Network revenue is shared with GDN partners who mint, transact, and hold USDG. Regulatory confidence. USDG is designed to comply with MAS's forthcoming stablecoin framework,

providing the trust institutions require. Lower barriers to participation. Enterprises can tap into stablecoin benefits without launching their own asset. Collaborative adoption. GDN fosters industry coordination to drive real-world stablecoin use cases across finance and commerce. Erbil Karaman, co-founder of Humma, said, stablecoins are ready to power global payments and fintechs, however single-issuer stablecoins failed to create the network effect needed to accelerate adoption.

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. Humma's PayFI network has already facilitated over $4.5 billion in payment-backed transactions, addressing a global market exceeding $30 trillion annually. Stablecoins, such as USDG, have become essential financial infrastructure, processing over $35 trillion in transactions in 2024 alone, underscoring their critical role in the evolving financial landscape. Ronak Daya, head of product at Paxos, said, Humla 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. With significant stable coin volume already on Solana, USDG is well positioned for adoption in remittance and money movement, an area in which Huma addresses critical challenges around liquidity and pre-funding. Accelerating always on financial INFRAASTRUCTUREA's stablecoin adoption accelerates with regulatory clarity emerging with the Genius Act. Huma is positioned

to capture the infrastructure opportunity ahead with this integration with Global Dollar Network. Learn more about Huma's Payfa Network here or explore USDG integration here. About HumaHuma Finance is the first pay-FI network accelerating global payments with instant liquidity through regulatory compliant infrastructure. Processing over $4 billion in transactions, Humah bridges traditional and decentralized finance, enabling real-time settlement and sustainable yields backed by payment flows. Asth leader in payment financing, Humma's network addresses a total market estimated at over $30 trillion, providing an innovative payment infrastructure that transforms how

money moves globally. This story was published as a press release by Chainwire under Hacker Noon's business blogging program. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.