Why did Huma Finance pioneer a new landscape for PayFi?
Huma Finance is a decentralized PayFi network that combines payment and financing functions, focusing on on-chain credit backed by real-world income and receivables. It allows users to handle payments and loans directly on the blockchain, eliminating the cumbersome processes of traditional finance. The platform supports multiple chains, including Ethereum and Polygon, providing significant flexibility. The core principles are transparency and efficiency. Smart contracts automatically verify income and receivables, generating reliable credit records.
By 2025, Huma's on-chain credit volume exceeds $300 million, serving global SMEs and demonstrating its market appeal. The HUMA token is the backbone of the ecosystem. Users can use it to pay transaction fees, participate in governance, or stake it to reduce borrowing costs. This community-driven model keeps the platform aligned with actual needs. In the future, Huma plans to expand to more blockchains and incorporate AI credit assessment. Its goal is to make PayFi a connection point between real-world and on-chain finance.
