The @Huma Finance 🟣 announced its membership in the Global Dollar Network (GDN), a coalition created by Paxos and supported by the USDG stablecoin, aimed at accelerating the adoption of stablecoins on a global scale. The network already includes major players like Robinhood, Kraken, Anchorage, Nuvei, and Worldpay.

USDG is a stablecoin backed by the US dollar, issued by Paxos Digital Singapore, in compliance with the Monetary Authority of Singapore's (MAS) new regulatory framework for stablecoins. Currently available on blockchains like Ethereum and Solana, the asset offers global liquidity with speed, low cost, and security. The choice of Solana as the primary blockchain for USDG was not by chance: it currently moves between $3.5 and $4 billion daily in stablecoins, demonstrating its scalability for real-time financial transactions.

⸻

🌍 Why does this matter for PayFi?

Stablecoins are now the backbone of programmable finance, enabling instant settlement, international payments, and new use cases in fintech. The GDN reinforces this movement with a model based on:

• Shared incentives: network revenue is distributed among partners who issue, transact, and hold USDG.

• Regulatory confidence: direct alignment with MAS's regulatory framework, providing security to institutions and investors.

• Lower entry barriers: companies can adopt stablecoins without needing to issue their own token.

• Collaborative adoption: coordination among members to accelerate the real use of stablecoins in payments and commerce.

⸻

🏦 Huma's Vision in the Ecosystem

According to Erbil Karaman, co-founder of #HumaFinance , isolated stablecoins miss the chance to create the network effect necessary for mass adoption. Therefore, integrating into the GDN is strategic to take the PayFi movement to new audiences.

Huma's PayFi network has already processed over $4.5 billion in payment-based transactions within a global market exceeding $30 trillion annually. Only in 2024, stablecoins moved over $35 trillion, establishing themselves as critical infrastructure of the modern financial system.

⸻

💡 Complementing with the Strength of Paxos

For Ronak Daya, head of product at Paxos, the $HUMA arrives at the GDN with proven experience in liquidity and credit, strengthening the efficiency of money flows across borders.

With a large portion of stablecoin volume already on Solana, USDG is positioned to scale even further in use cases such as international remittances and corporate payments, precisely where Huma acts to reduce liquidity and pre-financing challenges.

⸻

🔑 Conclusion

The entry of @Huma Finance 🟣 into the Global Dollar Network marks a significant advancement not only for the project but for the entire stablecoin sector. By uniting regulation, scale, and innovation, the GDN and Solana establish themselves as foundations for a faster, more inclusive, and global financial future.

⸻

📌 Quick summary:

• Huma now integrates into the Global Dollar Network (Paxos + USDG).

• Solana selected as the primary blockchain for efficiency and scale.

• Huma's PayFi has already exceeded $4.5 billion in transaction volume.

• Stablecoins: over $35 trillion processed in 2024.

• GDN brings regulatory alignment, incentives, and global collaboration.