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Huma Joins The Global Dollar Network To Advance Stablecoin Adoption On Solana

Huma has officially joined the Global Dollar Network (GDN), a coalition focused on stablecoin adoption. Launched by Paxos and powered by Global Dollar (USDG), the network includes members such as Robinhood , Kraken , Anchorage , Nuvei , and Worldpay .

ABy Amanda ParksJun 05, 20252 min read

Huma has officially joined the Global Dollar Network (GDN), a coalition focused on stablecoin adoption. Launched by Paxos and powered by Global Dollar (USDG), the network includes members such as Robinhood , Kraken , Anchorage , Nuvei , and Worldpay .

USDG is a US dollar-backed stablecoin issued by Paxos Digital Singapore, compliant with the Monetary Authority of Singapore’s upcoming stablecoin regulatory framework. Available on Solana, Ethereum, and other approved public blockchains, USDG supports fast, low-cost, and secure global transactions.

Solana is the preferred blockchain for USDG, selected for its speed, efficiency, and scalability. It currently supports around $3.5 to $4 billion of daily stablecoin volume, demonstrating its capacity for global-scale financial operations.

Stablecoins play a crucial role in programmable finance, essential for real-time settlements and cross-border payments. The Global Dollar Network aims to strengthen the PayFi ecosystem.

Aligned incentives: Network revenue is shared with GDN partners involved in minting, transacting, and holding USDG. Regulatory compliance: USDG aligns with MAS’s forthcoming stablecoin framework. Reduced barriers: Enterprises can leverage stablecoin benefits without launching their own assets. Collaborative adoption: GDN promotes industry coordination for real-world stablecoin applications in finance and commerce.

Huma has officially joined the Global Dollar Network (GDN), a coalition focused on stablecoin adoption.
Amanda Parks · Thehackingpost

Erbil Karaman , Co-Founder of Huma, stated that stablecoins are poised to power global payments, and joining GDN will help accelerate adoption.

Huma’s PayFi network has facilitated over $4.5 billion in payment-backed transactions, addressing a market exceeding $30 trillion annually. Stablecoins have processed over $35 trillion in transactions in 2024 alone.

Ronak Daya , Head of Product at Paxos, noted that Huma's infrastructure strengthens the network partners’ ability to efficiently move money across borders.

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Accelerating Always-On Financial Infrastructure

With stablecoin adoption rising and regulatory clarity emerging, Huma is well-positioned to capture infrastructure opportunities through its integration with Global Dollar Network. Learn more about Huma's PayFi network or explore USDG integration .

Huma Finance is a PayFi network that accelerates global payments using regulatory-compliant infrastructure. It has processed over $4 billion in transactions, bridging traditional and decentralized finance for real-time settlement.

Based on reporting by hackernoon.com.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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