Hyundai Card Completes Stablecoin Cross-Border Payment Pilot
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Hyundai Card completed a proof of concept for stablecoin-based cross-border payments between Hyundai Motor America and Hyundai Motor Mexico, sending $20,000 in USDT with Tether, Avalanche and Axiym and achieving settlement verification in about seven minutes. The pilot signals enterprise crypto adoption and faster cross-border settlement, with implications for stablecoin payment rails, DeFi/CEX interoperability and broader corporate payments use cases.
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- Hyundai Card completed a proof of concept for stablecoin-based cross-border transfers.
- The transaction took place between Hyundai’s US and Mexico units in just seven minutes.
- The pilot used a 20K USDT transfer and included Tether, Avalanche, and Axiym as partners.
Hyundai Card has completed a proof of concept (PoC) for stablecoin-based cross-border transfers with Hyundai Motor America (HMA) and Hyundai Motor Mexico (HMM), marking one of the first real corporate settlement tests by a major industrial group using blockchain-based payments.
The first trial involved Hyundai Motor America converting $20,000 into USDT, sending the funds to Hyundai Motor Mexico, which then converted the stablecoins back into US dollars. The entire transfer, including settlement verification, took an average of seven minutes.
Hyundai Card said a comparable bank-to-bank international …
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