Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana

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Here’s the information extracted and organized based on your request:

Startup Details

  • Startup Name: Huma
  • Website: huma.finance
  • Founded By: Erbil Karaman (Co-Founder), Ronak Daya (Head of Product at Paxos)

Investment and Coalitions

  • Fundraise Series: Not explicitly mentioned
  • Joining Coalition: Global Dollar Network (GDN)
    • Launched by: Paxos
    • Partners Include:
    • Robinhood
    • Kraken
    • Anchorage
    • Nuvei
    • Worldpay

Financial Details

  • Transaction Volume of Huma’s Network: Over $4.5 billion
  • Global Market Size for Payments: Exceeds $30 trillion annually
  • Stablecoin Transactions in 2024: Over $35 trillion

Significant Dates

  • Date of Announcement: June 4, 2025

Regulatory Framework

  • Stablecoin: USDG (issued by Paxos Digital Singapore)
  • Compliant Authority: Monetary Authority of Singapore (MAS)

Key Statements

  • Erbil Karaman (Co-Founder of Huma) stated stablecoins are crucial for global payments, emphasizing network effects.
  • Ronak Daya (Head of Product at Paxos) highlighted Huma’s contribution to liquidity and efficient money movement.

Contact Information

  • Contact Person: Andrew Wickerson (Account Manager)
  • Agency: YAP Global

This summarizes the key elements surrounding Huma’s involvement in the Global Dollar Network and their operational status as of June 4, 2025. Let me know if you need more specific details or analysis!

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2025-06-04 13:01:34