@Huma Finance 🟣 #humafinance
Huma Finance is a decentralized finance (DeFi) protocol that streamlines global payments using stablecoins and on-chain liquidity. It's designed to address traditional payment infrastructure issues like delays, high fees, and lack of transparency. Here's what you need to know:
*Key Features:*
- *PayFi Network*: Huma Finance is a pioneering protocol in the PayFi field, enabling global payment institutions to settle payments 24/7.
- *Stablecoin-based*: It uses stablecoins like USDC and yield-generating stablecoins like USDM for transactions.
- *Decentralized*: Huma Finance operates on a blockchain, connecting liquidity providers and borrowers directly ¹ ² ³.
*Products and Services:*
- Huma 2.0: A permissionless platform for general users to receive yields from real payments.
- *Huma Institutional*: A platform for financial institutions to access liquidity and settlement services.
- *DeFi Tools*: Integrated products like PST token and Feathers rewards ¹.
*Token Information:*
- *HUMA Token*: The utility and governance token powering the Huma Finance ecosystem.
- *Market Cap*: $57.05 million (rank #646 in the cryptocurrency market).
- *Current Price*: $0.0328 (up 4.8% in the last 24 hours) or ₹2.841 (up 6% in the last 24 hours) ² ⁴.
*Benefits:*
- *Faster Payments*: Huma Finance enables real-time settlements, reducing transaction times and costs.
- *Increased Transparency*: Blockchain technology ensures transparent transactions and settlements.
- *Access to Credit*: Huma Finance provides access to credit without traditional collateral ³ ⁵.