10 December 2025
Huma has officially joined the Global Dollar Network (GDN) — a collaboration of leading enterprises focused on accelerating stablecoin adoption through aligned incentives, legal clarity, and global usability. Launched by Paxos and backed by the 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 and is compliant with the upcoming stablecoin regulatory framework of the Monetary Authority of Singapore (MAS). This stablecoin is available on Solana, Ethereum, and other public blockchains approved by the MAS. USDG facilitates fast, cost-effective, and secure global financial transactions. Notably, the blockchain of choice for USDG is Solana — selected for its unmatched speed, efficiency, and scalability, making it ideally suited for real-time financial transactions. Currently, Solana sees a daily volume of approximately $3,5 to $4 billion in stablecoin transactions, highlighting the network’s strong adoption and capacity for global financial operations.
Stablecoins have emerged as a foundational layer of programmable finance — critical to the future of PayFi and global liquidity — supporting use cases ranging from real-time settlement to cross-border payments. The Global Dollar Network builds on this momentum with a model designed to strengthen and expand the PayFi ecosystem.
Erbil Karaman, Co-founder of Huma, stated: “Stablecoins are ready to power global payments and fintechs. However, single-issuer stablecoins lack the network effect needed to accelerate adoption. That’s why we’re so excited to join GDN, along with many of our existing partners, and bring the PayFi movement to the masses.”
Huma’s PayFi network has now facilitated over $4,5 billion in payment-based transactions, serving a global market worth over $30 trillion annually. Stablecoins like USDG have become essential financial infrastructure, with over $35 trillion in transactions expected by 2024, highlighting their critical role in the evolving financial landscape.
Ronak Daya, Head of Product at Paxos, sighed: “Huma joins the Global Dollar Network with a proven track record of delivering liquidity and credit solutions for global payments. Their infrastructure immediately strengthens the ability of our network partners to move money across borders efficiently. With a significant volume of stablecoins on Solana, USDG is well-positioned for adoption in remittances and money movement, areas where Huma addresses critical challenges around liquidity and pre-funding.”
As stablecoin adoption accelerates with the emerging legal clarity of the GENIUS Act, Huma is well-positioned to capitalize on the infrastructure opportunity this presents with its integration into the Global Dollar Network.
Huma Finance is the first PayFi network to accelerate global payments with instant liquidity via legal infrastructure. With over $4 billion in transactions processed, Huma bridges the gap between traditional and decentralized finance, enabling real-time settlement and sustainable returns supported by payment flows. As a leader in payments finance, Huma’s network targets a total market valued at over $30 trillion, providing an innovative payments infrastructure that is transforming how money moves globally.
What is the Global Dollar Network (GDN)?
The GDN is a partnership of companies designed to promote stablecoin adoption through shared incentives and clear regulation.
How does USDG work?
USDG is a stablecoin backed by the US dollar that facilitates transactions on permissioned blockchains such as Solana and Ethereum, with a focus on speed and cost reduction.
Why are stablecoins important to the financial sector?
Stablecoins are a crucial infrastructure for the programmatic finance industry, supporting a variety of applications from international payments to real-time transactions, contributing to greater liquidity in the markets.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
