Catenaa, Sunday, June 15, 2025-Huma has become the latest member of the Global Dollar Network (GDN), a coalition led by Paxos aimed at accelerating stablecoin adoption worldwide. The network, powered by Paxos’s US dollar-backed stablecoin USDG, includes prominent partners such as Robinhood, Kraken, Anchorage, Nuvei, and Worldpay.
USDG operates on several blockchains, including Solana, Ethereum, and others approved by the Monetary Authority of Singapore (MAS).
Solana stands out as USDG’s preferred blockchain, chosen for its speed, scalability, and low transaction costs. Daily stablecoin trading volume on Solana ranges from $3.5 billion to $4 billion, underscoring its capacity for handling large-scale financial activity.
Stablecoins like USDG are foundational to programmable finance, supporting real-time settlements and cross-border payments. The GDN model incentivizes members by sharing network revenue, offering regulatory clarity, reducing barriers to entry, and fostering collaboration across finance and commerce sectors.
Erbil Karaman, co-founder of Huma, emphasized the importance of a network effect for stablecoin adoption, saying their participation in GDN will help bring PayFi to a broader audience.
Huma’s PayFi network has facilitated over $4.5 billion in payment-backed transactions, targeting a global payments market exceeding $30 trillion annually.
Ronak Daya, head of product at Paxos, noted Huma’s proven track record in liquidity and credit solutions strengthens GDN’s ability to move money efficiently across borders.
With stablecoin adoption gaining regulatory momentum, Huma’s integration with the Global Dollar Network positions it to meet growing demand for real-time financial infrastructure.
