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Huma has officially joined the Global Dollar Network (GDN), a coalition of prominent fintech and cryptocurrency organizations dedicated to advancing the mainstream adoption of stablecoins. This strategic initiative, led by Paxos and powered by the USDG stablecoin, focuses on enhancing real-world utility through regulatory compliance, shared incentives, and scalable infrastructure. By integrating with GDN, Huma aligns itself with notable members such as Robinhood, Kraken, Nuvei, Anchorage, and Worldpay.

The Role of Huma in the PayFi Sector

Huma’s collaboration with GDN marks a significant step forward in the rapidly evolving PayFi (Payment Finance) sector. Stablecoins like USDG are increasingly seen as the backbone of programmable finance, particularly in the realms of cross-border payments and real-time financial settlements. This partnership strengthens Huma’s position as a key player in enabling seamless and efficient global payment solutions.

“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.”

USDG: The Core of the Global Dollar Network

At the heart of GDN lies USDG, a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore. Designed to comply with the Monetary Authority of Singapore’s regulatory framework for stablecoins, USDG offers a reliable and trusted option for enterprise adoption. It is accessible on several public blockchains, including Solana and Ethereum, with Solana emerging as the preferred platform due to its unmatched speed, cost efficiency, and ability to handle high transaction volumes in real-time.

Solana currently processes an estimated $3.5 to $4 billion in daily stablecoin activity, creating a robust foundation for USDG to scale rapidly. GDN’s innovative revenue-sharing model incentivizes network partners for minting, holding, and transacting USDG. This approach lowers barriers to entry and encourages widespread adoption without requiring each participant to issue their own stablecoin.

“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,” said Ronak Daya, Head of Product at Paxos.

Huma’s Impact on the Global Payments Market

Huma has already demonstrated its expertise in the payments sector, with its PayFi network processing over $4.5 billion in payment-backed transactions. This achievement positions Huma as a significant contributor to the global payments market, which is estimated to exceed $30 trillion annually. By joining GDN, Huma leverages its existing success to further bridge the gap between traditional and decentralized finance.

Key Benefits of Huma’s Integration with GDN

  • Enhanced regulatory compliance through alignment with MAS-approved frameworks.
  • Access to USDG’s scalable and cost-efficient infrastructure for global payments.
  • Opportunities to participate in GDN’s revenue-sharing model for increased incentives.
  • Strengthened position in the PayFi sector, driving innovation in cross-border and real-time settlements.

With regulatory clarity emerging through initiatives like the GENIUS Act, Huma’s integration into GDN underscores its commitment to building an “always-on” financial infrastructure. This move aligns with its mission to enable programmable, compliant, and efficient global money movement powered by stablecoins like USDG.

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