$OTHERSIDE
StableSnapshot Window: 2026-07-21 08:10 UTC · ← Back to Crypto Overview
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Huma has taken another big step by launching cross-chain support for its PayFaster token. They're also working with major names like Morpho, Coinbase Asset Management, Rakuex, and Bitwise to support the launch. The goal isn't just to attract everyday liquidity. Huma is building [Spoken audio]: Yes, so when we launched the cross-chain infrastructure for pay-fazure token in Huma's yield ecosystem, we were looking for launch partners and obviously Morpho was one of them, CoinBit Asset Management was one of them, and then we had two risk-creation partners, RacoaX and Bitwise that we were launching with. And, you know, we looked into the functions that actually have more sophisticated LPs. You know, on Solana, where we started, a lot of diversity LPs are a mix of parts of scale, but a lot of retail, not very sophisticated. And we don't necessarily think that not so sophisticated LPs are the right, you you know, target for this kind of yield structure. This is much more institutional yield structure. So you're looking for more sophisticated alpine structures. And yes, you can go to them, you know, through one by one and, you know, our team gets a lot of inbound from institutional alpies as well. But out of everybody we talk to, turtles seem to be the problem of sophisticated themselves. So all the conversations we have with you guys, especially, you know, SC spent so much time, so much personal time. You know, we met in person, we dialed into a lot of things, and he seemed to be, to be honest, one of the deepest thinkers, that's number one. But also, we love the DD, right? Like when somebody doesn't do much DD, we shy away from those partners because then, you know, we want everything to be transparent to the partner and to their partners as well. So we don't wanna be in a position where, You know, we are blamed like, oh, you didn't make this disclosure, that disclosure, we like everything, right? We want to disclose, we want to disclose and we want you to make sure that you're spending your time to dive into that, to go through that. So from all of those perspectives, you know, we really love working with Turtle, but also when we look at platforms that can scale because we have very big ambitions, right? Right now, PST total supply is around $200 million. We're doing more than a billion dollar, you know, per month transactions. We're trying to grow to five, $600 million sides because we have so much more demand on the payment company side. We have a lot of companies onboarding and waiting for more liquidity coming in stablecoins. They cannot wait to start settling in stablecoins. So we looked for scalable partnerships and both total platform and the venues and the different ways total works with their LPs felt like you know it's going to be a much more sophisticated and creative experience for the LPs as well as you know what we need over time. So here we are you know we launched that you know First World and I believe it's just the first of multiple campaigns to come later.
