Circle's Nikhil Chandhok to speak on the USDC payments network at the PayFi Summit

USD Coin USDCUSD is a leading stablecoin pegged 1:1 to the US dollar, aiming to offer a consistent value regardless of broader cryptocurrency market fluctuations.

Huma Finance and the Solana Foundation are hosting Accelerate, a unique summit that will bring together prominent figures from the DeFi and Web3 domains for a weekend of insightful discussions and networking opportunities.

Taking place on May 20th at the New York EDITION Hotel, the PayFi Summit at Accelerate will feature a talk by Nikhil Chandhok, chief Product and technology officer at Circle, on the Circle payments network.

About USD Coin

USD Coin (USDC) is a leading stablecoin that aims to offer a consistent value, pegged 1:1 to the US dollar, despite variations in the broader cryptocurrency market. It is a cryptocurrency that is fully backed by a mix of cash and U.S. Treasury bills, where the divisibility and transferability of cryptocurrency meets the deep liquidity and institutional integration of the traditional financial system.

Developed and managed by Circle, it is the second-largest stablecoin ecosystem, surpassed only by USD Tether.

The stablecoin maintains its stable value by holding U.S. dollar asset reserves in segregated accounts at premier U.S. financial institutions and periodically provides external verification reports by Grant Thornton, an accounting firm, which attest to the sufficiency and integrity of these reserves. This full backing by a leading accounting firm ensures trust in the stablecoin, making it an appealing choice for various financial applications.

It is compatible with multiple blockchains, including Ethereum, Algorand, Solana, Stellar, and TRON, and boasts a market capitalization that positions it within the top five cryptocurrencies.

Beyond simply serving as a stable asset, USDC offers several functionalities, including:

* Hedging against market volatility

* Facilitating rapid international remittances

* Enabling efficient peer-to-peer payments

* Ensuring payment interoperability across diverse blockchain networks

The PayFi Summit at Accelerate is set to be a highlight of the event, bringing together key players in the payments and DeFi industries for a series of engaging discussions and presentations.

The summit will also feature a keynote address by Huma Finance founder and CEO Simon Kominerski, who will provide insights into the future of decentralized finance and the role of community in driving innovation in the Web3 space.

"We are thrilled to be hosting the PayFi Summit at Accelerate," said Kominerski. "We believe that this event will be an important meeting point for leaders and thinkers in both the DeFi and Web3 domains to come together and discuss the critical issues facing our industry today."

The Solana Foundation is co-organizing the event and will contribute expertise in blockchain technology and the Solana ecosystem.

"We are excited to partner with Huma Finance to bring Accelerate to New York," said Solana Foundation president and co-founder, Raj Aggarwal. "This summit will be a valuable platform for exchanging ideas and fostering collaboration to advance the DeFi and Web3 revolutions."

The PayFi Summit at Accelerate is free to attend with registration, and all interested parties are encouraged to apply on the Huma Finance website.

The event will culminate in a celebratory party at the City Point outpost of popular restaurant and bar, Catch One. This promises to be the perfect way to wind down the weekend and continue the conversations started at the summit.

Stay tuned for more updates on the PayFi Summit at Accelerate and other exciting events from Huma Finance and the Solana Foundation.

This article is for informational purposes only, and does not constitute legal, tax, or investment advice. Always do your own research and consult with a qualified professional for advice tailored to your specific situation.

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Register at: https://events.huma.finance/apply

May 20th marks a pivotal moment in the decentralized finance (DeFi) and Web3 domains as Huma Finance and the Solana Foundation come together to host Accelerate, a unique summit that will bring together prominent figures from both industries for a weekend of insightful discussions, focused workshops, and valuable networking opportunities.

Set in the heart of New York City at the EDITION Hotel, Accelerate will kick off with a PayFi Summit organized by Huma and featuring a talk by Nikhil Chandhok, сhief Product and technology officer at Circle, on the Circle payments network.

This summit will be a highlight of the event, bringing together key players in the payments and DeFi industries for a series of engaging discussions and presentations. The PayFi Summit at Accelerate is a testament to the growing interest in the potential of blockchain technology to transform the global payments landscape.

The summit will also feature a keynote address by Huma Finance founder and CEO Simon Kominerski, who will provide insights into the future of decentralized finance and the role of community in driving innovation in the Web3 space.

"We are thrilled to be hosting the PayFi Summit at Accelerate," said Kominerski. "We believe that this