Huma Finance announces the launch of the RWA protocol on the Solana mainnet

2024-11-12 22:00:00

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ChainCatcher news, the payment financing (PayFi) network Huma Finance announced the launch of the RWA protocol on the Solana mainnet.

This launch aims to meet the growing demand in the payment industry for affordable, accessible, and secure on-chain payment financing. At the same time, Huma has introduced the first stablecoin liquidity pool on Solana for qualified individual investors, offering double-digit, real-world stable returns.

It is reported that Huma has raised $38 million in funding and expects the payment financing transaction volume to reach $10 billion next year. Currently, it is piloting DePIN financing use cases on its PayFi network to accelerate the construction of decentralized infrastructure.

Huma co-founder Erbil Karaman stated, "PayFi is one of the most important trends in the cryptocurrency space, as it has a significant impact on global businesses and individuals. To support the rapid development of the PayFi ecosystem, expanding the Huma network is crucial. Just like PayPal and Stripe, we believe Solana provides one of the best tools for global payment and financing solutions."

Additionally, according to the Web3 asset data platform RootData, Huma Finance is the first PayFi network. Huma provides financing support for global payments, enabling instant liquidity access anytime, anywhere.

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Huma Finance Solana RWA Protocol

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