Huma joins the Global Dollar Network, promoting the adoption of stablecoins on the Solana chain
CoinWorld Network News, $SOL
According to Chainwire, the payment financial platform Huma has officially joined the Global Dollar Network (GDN). This alliance was initiated by Paxos and is supported by the stablecoin USDG, with members including institutions such as Robinhood and Kraken, aiming to promote the adoption of stablecoins through unified incentives, regulatory compliance, and global applications.
USDG is a dollar stablecoin issued by Paxos Digital Singapore, compliant with the stablecoin regulatory framework that the Monetary Authority of Singapore (MAS) is about to implement. This stablecoin can operate on MAS-approved public chains such as Solana and Ethereum, with Solana being the preferred chain due to its efficient scalability, currently processing approximately $3.5 billion to $4 billion in stablecoin transactions daily.
Huma co-founder Erbil Karaman pointed out that a single issuer finds it difficult to create network effects that drive the adoption of stablecoins, and joining GDN will accelerate the proliferation of the PayFi payment ecosystem. Currently, Huma has processed over $45 billion in payment transactions, serving a global market with a scale exceeding $30 trillion. Paxos product head Ronak Daya stated that Huma's infrastructure will enhance the efficiency of cross-border capital flows, and USDG has significant potential in the remittance field.
USDG features real-time settlement and cross-border payment capabilities, with on-chain transaction volume surpassing $35 trillion in 2024. As the U.S. GENIUS Act advances regulatory clarity, the value of stablecoins as programmable financial infrastructure continues to stand out.
