From SWIFT to Huma: A 6-Layer Architecture Disrupts Cross-Border Payments, Reducing Transaction Costs by 62%
Huma Finance's core competitiveness comes from its self-developed PayFi Stack, a six-layer architecture inspired by the Internet OSI model that redefines the technical standards of payment finance:
1. Transaction Layer
• A high-performance settlement network based on Solana, supporting real-time transaction processing at 65,000 TPS, with a transaction confirmation time of <400 milliseconds.
• Integration of MPC (Multi-Party Computation) wallets such as Fireblocks and Cobo for enterprise-level asset security management.
2. Currency Layer
• Supports mainstream stablecoins like USDC and PYUSD, as well as Huma's native yield stablecoin USDM (pegged to U.S. Treasury bonds, with an annual yield of 4.5%).
• Introduces a dynamic exchange rate engine that matches the global foreign exchange market in real-time through Chainlink oracles, reducing cross-border payment exchange rate losses from 3% to 0.5%.
3. Compliance Layer
• On-chain KYC module uses zero-knowledge proof technology, encrypting user identity information to meet regulatory requirements such as the EU MiCA and Singapore MAS.
• Smart contracts automatically enforce anti-money laundering (AML) rules, such as automatically freezing transactions from high-risk areas.
4. Financing Layer
• Tokenizes receivables and payroll flows into tradable assets, achieving risk isolation through SPV (Special Purpose Vehicle) structures.
• A dynamic credit scoring model integrates on-chain and off-chain data, such as sales records from e-commerce platforms and social media behavior, to provide unsecured loans to small and micro enterprises.
5. Application Layer
• Open APIs for third-party development of payment-related DApps, such as the PST exchange service launched in collaboration with Jupiter, which supports over 50 DeFi protocols.
• Launch of Huma Card, allowing users to spend USDC at 20 million merchants worldwide, with real-time exchange rate settlement and earn 1% cashback.
6. Governance Layer
• HUMA token holders can vote on-chain to determine protocol parameters, such as profit distribution ratios and partner admissions.
• Establishment of the Huma DAO fund, which allocates 20% of protocol revenue each year to ecological incentives, having already funded 23 developer teams.
