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Huma’s integration into the Global Dollar Network marks a significant advancement in the adoption of stablecoins within the fintech and crypto sectors.
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This collaboration leverages USDG stablecoin’s regulatory-compliant infrastructure to enhance cross-border payments and real-time settlements.
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According to Erbil Karaman, co-founder of Huma, joining GDN accelerates the PayFi movement by fostering a network effect essential for mainstream stablecoin adoption.
Huma joins the Global Dollar Network, leveraging USDG stablecoin on Solana to drive scalable, compliant cross-border payments in the $30 trillion global market.
USDG Stablecoin on Solana: Powering Scalable and Compliant Financial Infrastructure
The Global Dollar Network (GDN) centers around the USDG stablecoin, a U.S. dollar-backed digital asset issued by Paxos Digital Singapore under the Monetary Authority of Singapore’s regulatory framework. This compliance ensures a high level of trust and security, making USDG a preferred choice for enterprises seeking stablecoin solutions. Available on multiple public blockchains including Ethereum and Solana, USDG’s deployment on Solana is particularly strategic due to Solana’s high throughput, low transaction costs, and real-time processing capabilities.
Solana’s blockchain currently facilitates between $3.5 and $4 billion in daily stablecoin transactions, positioning USDG to rapidly scale within this ecosystem. The GDN’s innovative revenue-sharing model incentivizes partners to mint, hold, and transact USDG, effectively lowering entry barriers and promoting widespread adoption without necessitating individual stablecoin issuance by each participant.
Ronak Daya, Head of Product at Paxos, emphasized that Huma’s proven expertise in liquidity and credit solutions significantly enhances the network’s capacity to facilitate efficient cross-border money movement, reinforcing the GDN’s infrastructure.
Huma’s Strategic Role in Expanding PayFi within a $30 Trillion Global Payments Market
Huma’s PayFi network has demonstrated substantial traction, processing over $4.5 billion in payment-backed volume. This activity occurs within a global payments landscape valued at approximately $30 trillion annually, underscoring the vast potential for growth. The integration of Huma into the GDN ecosystem aligns with emerging regulatory clarity, such as the GENIUS Act, which supports the development of compliant and programmable financial infrastructure.
By joining the GDN, Huma reinforces its commitment to bridging traditional finance with decentralized finance (DeFi), enabling seamless, compliant, and programmable global transactions powered by stablecoins like USDG. This collaboration is poised to accelerate the adoption of stablecoins as foundational instruments in the evolving PayFi sector.
Regulatory Alignment and Network Synergies Driving Stablecoin Adoption
The GDN’s emphasis on regulatory compliance, particularly through adherence to frameworks established by the Monetary Authority of Singapore, provides a robust foundation for stablecoin utility in mainstream finance. This regulatory alignment mitigates risks associated with stablecoin issuance and usage, fostering confidence among institutional participants.
Moreover, the coalition’s shared incentives and scalable infrastructure create a network effect that is critical for widespread adoption. By uniting fintech leaders such as Robinhood, Kraken, Nuvei, Anchorage, and Worldpay alongside Huma, the GDN cultivates an ecosystem where stablecoins can function as reliable, programmable currencies for global payments and settlements.
Conclusion
Huma’s entry into the Global Dollar Network signifies a pivotal step toward mainstreaming stablecoins within global financial systems. Leveraging USDG’s compliant infrastructure on Solana, this partnership enhances the scalability and efficiency of cross-border payments in an expansive $30 trillion market. As regulatory frameworks evolve and network synergies deepen, Huma and GDN are well-positioned to drive the next wave of programmable finance, offering a compelling blueprint for the future of global money movement.
