Huma Joins Global Dollar Network to Promote Stablecoin Adoption on Solana Blockchain

ChainCatcher news, according to Chainwire, the payment finance platform $Huma has officially joined the Global Dollar Network (GDN). The alliance, initiated by Paxos and supported by the stablecoin $USDG, includes members such as Robinhood and Kraken, aiming to promote stablecoin adoption through unified incentives, regulatory compliance, and global application.

$USDG is a US dollar stablecoin issued by Paxos Digital Singapore, compliant with the stablecoin regulatory framework soon to be implemented by the Monetary Authority of Singapore (MAS). This stablecoin operates on MAS-approved public blockchains such as Solana and Ethereum. Among them, Solana is listed as the preferred chain due to its efficient scalability, currently processing about 3.50 billion to 4 billion US dollars in stablecoin transactions daily.

$Huma co-founder Erbil Karaman pointed out that a single issuer cannot form the network effect needed to drive stablecoin adoption; joining GDN will accelerate the popularization of the PayFi payment ecosystem. Currently, $Huma has processed over 4.50 billion US dollars in payment transactions and serves a global market exceeding 30 trillion US dollars in scale. Paxos product leader Ronak Daya stated that $Huma's infrastructure will enhance the efficiency of cross-border capital flows, and $USDG has significant application potential in the remittance sector.

$USDG features real-time settlement and cross-border payment capabilities, with on-chain transaction volumes exceeding 35 trillion US dollars in 2024. As the US GENIUS Act advances regulatory clarity, the value of stablecoins as programmable financial infrastructure continues to be highlighted.