Huma Joins Global Dollar Network to Boost Stablecoin Adoption and PayFi Ecosystem

Huma has officially joined the Global Dollar Network (GDN), a coalition led by Paxos to accelerate stablecoin adoption through aligned incentives and regulatory compliance. The GDN, powered by the USDG stablecoin, includes prominent members like Robinhood, Kraken, and Anchorage. USDG, compliant with Singapore's MAS framework, operates on Solana, Ethereum, and other approved blockchains, leveraging Solana's speed and scalability for real-time financial transactions.

Stablecoins are pivotal in programmable finance, underpinning the PayFi ecosystem. Huma's integration with GDN enhances this movement by offering shared incentives, regulatory trust, and lower entry barriers. Erbil Karaman, Huma's co-founder, emphasized the need for multi-issuer stablecoins to drive adoption, highlighting GDN's collaborative approach.

Huma, having facilitated over $4.5 billion in transactions, targets a $30 trillion market. Stablecoins like USDG processed $35 trillion in 2024, showcasing their critical role. Ronak Daya of Paxos noted Huma's expertise in liquidity solutions, strengthening GDN's capabilities, particularly on Solana, where significant stablecoin volume already exists.

With regulatory clarity from initiatives like the GENIUS Act, Huma is well-positioned to advance financial infrastructure. This integration underscores the growing importance of stablecoins in global payments, heralding a transformative era for programmable finance.