Huma Finance Launches on Solana, Expands PayFi Network

Huma Finance has launched its Payment Financing (PayFi) protocol on Solana, marking a significant milestone for the network. This expansion follows Huma’s recent achievement of processing over $2 billion in transactions. As the first real-world asset (RWA) protocol on Solana, Huma aims to deliver instant liquidity for businesses worldwide. Alongside this launch, Huma unveiled a limited-time investment campaign on Solana, offering double-digit stablecoin yield for accredited investors.

• Huma’s PayFi network now operates on Solana, enhancing real-time liquidity access for global businesses.
• Solana’s high-speed and cost-effective infrastructure supports PayFi’s fast, affordable financing solutions.
• Huma introduces a new campaign for accredited investors seeking high-yield stablecoin investments.

Solana’s Role in Payment Financing Growth

Solana’s popularity in global payments is backed by partnerships with companies like Stripe, Shopify, and PayPal. PayPal’s stablecoin PYUSD saw rapid growth on Solana, capturing $1 billion in market cap, with 88% of it on Solana. Solana’s low transaction fees, around $0.00025, and fast transaction times of 400 milliseconds make it ideal for Huma’s PayFi offerings. With this launch, Huma strengthens Solana’s ecosystem as demand for efficient payment solutions rises.

Huma’s PayFi network tackles high fees, slow processing, and limited liquidity in traditional payment systems. Traditional financing supports trillions in transactions, including $16 trillion in credit card payments and $10 trillion in trade finance. However, these systems often lack speed and accessibility. Huma bridges this gap, bringing real-world payment volume on-chain with a focus on transparency and cost-effectiveness.

Accelerated Growth Through Arf Merger

Huma’s merger with Arf, a leader in cross-border payment liquidity, has fueled network growth. This year, Huma surpassed $2 billion in transactions with zero credit defaults. The network is projected to reach $10 billion in volume by next year. Huma is also testing decentralized physical infrastructure network (DePIN) financing on Solana, an ecosystem known for its dynamic DePIN initiatives.

“PayFi is one of the most important movements in crypto,” said Huma Co-Founder Erbil Karaman. “It has massive impacts on businesses and people around the world. Just like PayPal and Stripe, we believe Solana provides one of the best toolkits for global payment and financing solutions.”