PayFi Summit Coming to NYC During Solana Conference
PayFi Summit Coming to NYC During Solana Conference
馃寧 Stablecoins Eat Wall Street
Stablecoins continue to demonstrate their fundamental role in crypto's practical applications. Key highlights:
- 5-8% of US adults own stablecoins
- 30% of crypto holders maintain stablecoin positions
- Stablecoins rank as 16th largest holder of US Treasuries
Global adoption shows diverse use cases:
- Argentina: Inflation hedge
- Nigeria: USD access and international transactions
The PayFi Summit, hosted by Huma and Solana Foundation, will explore these developments on May 20 in NYC.
Stablecoins are the backbone. No hype, just strong utility and real impact. Arguably crypto's strongest use case, the future of finance - driven by stablecoins, on-chain credit, and borderless payments is being built right in the U.S. 馃嚭馃嚫 The PayFi movement continues to
Huma 2.0 Launches Dual-Mode System with Zero-Fee Switching
Huma 2.0 introduces two operational modes on Solana: - **Classic Mode**: Offers 10.5% APY stable yield plus Huma Feather rewards - **MAXI Mode**: Focuses exclusively on maximizing Huma Feathers rewards Key Features: - Zero-fee switching between modes (gas fees apply) - $PST tokens can be swapped for USDC on Jupiter Exchange - Upcoming Kamino Finance integration for USDC borrowing - Current Classic Mode APY: 10.5%, updated monthly The platform integrates with Solana DeFi ecosystem, offering instant liquidity through Jupiter Exchange and upcoming borrowing features via Kamino Finance. Start here: [Huma Finance](https://app.huma.finance)
Huma 2.0 Pool Reaches $25M Capacity
The Huma 2.0 lending pool has reached its full capacity of $25 million in deposits. The milestone was achieved in less than two weeks, with over 30,000 individual deposits contributed to the pool. This follows the successful completion of the Solana Season Two Pool earlier this year. **Key Statistics:** - Total deposits: $25M+ - Timeframe: Under 2 weeks - Number of deposits: 30,000+ *Future updates and announcements will be shared through official channels.*
Huma 2.0 Launches Permissionless DeFi Platform with Real-World Yields
Huma has announced the launch of its 2.0 platform, marking a significant shift in DeFi accessibility. The update introduces: - Permissionless access while maintaining compliance - Double-digit yields from real-world financial transactions - New reward system with Huma Feathers - 1:1 conversion of existing Huma points to Feathers The platform focuses on sustainable returns through real-world financial transactions, making DeFi accessible to everyone outside restricted regions. This launch represents a key milestone in PayFi evolution. Want to learn more about real-yield opportunities? Visit [Huma](https://huma.finance)
PayFi Summit Announces Notable Speakers for Hong Kong Event
The upcoming PayFi Summit at Consensus Hong Kong has announced two prominent speakers: - **Ada Vaughan**, Senior Director of DeFi Partnerships at Stellar Organization, brings her expertise in global partnerships and DeFi strategy. Vaughan holds an MBA from Georgetown and has a background as a serial entrepreneur. - **Takayama Joe**, a crypto YouTuber and investor with 155,000 subscribers, will share insights on DeFi, Solana ecosystem, and AI in crypto. Event Details: - Date: February 17 - Location: Hong Kong - Registration: [Register Here](https://lu.ma/10xsqb5z)