Huma Finance Collaborates with Global Dollar Network
On June 4, 2025, in San Francisco, California, Huma Finance announced its collaboration with the Global Dollar Network (GDN), a project initiated by Paxos and associated with the new stablecoin, Global Dollar (USDG). This initiative involves several prominent financial entities, including Robinhood, Kraken, Anchorage, Nuvei, and Worldpay, all working together under the framework established by the Monetary Authority of Singapore (MAS) for stablecoins.
Significance of USDG in the Financial Landscape
USDG stands out as a stablecoin tied to the value of the US dollar, crafted by Paxos Digital Singapore, and adheres to the anticipated regulatory requirements from MAS. It is compatible with multiple public blockchains, notably Solana, Ethereum, and others given approval by the MAS. Solana has been singled out for its exceptional capabilities regarding transaction speed, efficiency, and scalability, making it an ideal candidate for facilitating instantaneous and cost-effective financial transactions. The platform currently handles a hefty daily stablecoin transaction volume estimated between $3.5 to $4 billion, indicating its significant adoption in the market.
Impact on Programmable Finance and PayFi
The adoption of stablecoins is reshaping the landscape of programmable finance, which is instrumental for PayFi—a convergence of payment finance and technology—enhancing global liquidity and enabling applications ranging from instantaneous settlements to cross-border remittances. Huma’s engagement with the GDN reflects an effort to build on this evolving landscape. Erbil Karaman, Co-Founder of Huma, expressed optimism, stating that while stablecoins are robust for global transactions, a myriad of single-issuer coins is insufficient for creating the widespread network effect needed for adoption.
Huma Finance’s Achievements and Future Outlook
Huma’s existing PayFi network has already processed over $4.5 billion in payment-backed transactions, tapping into a market that exceeds $30 trillion annually. The role of stablecoins, including USDG, is becoming increasingly significant, with an estimated transaction volume surpassing $35 trillion in 2024, emphasizing their importance in the modern financial sector.
According to Ronak Daya, Paxos’s Head of Product, Huma brings a successful history in providing liquidity and credit solutions for international payments to GDN, enhancing the network’s capabilities for effective cross-border money transfers. The substantial volume of stablecoin transactions residing on Solana positions USDG favorably for uptake in the remittance sector, addressing key issues surrounding liquidity and pre-funding necessitated by cross-border operations.
As regulatory frameworks such as the GENIUS Act begin to clarify the landscape for stablecoins, Huma is strategically placed to leverage this momentum to expand its infrastructure through the Global Dollar Network. For more insights into Huma’s PayFi network or to explore the details of USDG integration, interested parties can visit their respective platforms.
Conclusion
Huma Finance prides itself as the pioneering PayFi network dedicated to enhancing global payment operations with immediate liquidity through a structure compliant with regulatory standards. With ongoing transactions exceeding $4 billion, Huma effectively connects traditional and decentralized finance, promoting seamless settlement processes and sustainable financial returns supported by payment flows, further optimizing an expansive market valued at over $30 trillion.
