Huma Finance is a decentralized protocol, often described as the first PayFi network, that aims to revolutionize global payments by connecting real-world financial activity with decentralized finance (DeFi). It focuses on enabling instant liquidity for financial institutions to settle payments, particularly in cross-border transactions, using stablecoins and on-chain liquidity. The platform facilitates lending and borrowing using income and receivables as collateral, effectively linking traditional finance with DeFi.
PayFi Network:
Huma Finance operates as a PayFi network, which essentially means it's a decentralized platform that focuses on facilitating payments and financial transactions using digital assets and blockchain technology.
Real-World Use Cases:
Huma Finance is designed to support various real-world financial activities, including cross-border payments, supply chain financing, and trade finance.
