Hyundai Tests Tether Stablecoin for Cross-Border Treasury Payments

• Hyundai completed a cross-border treasury transfer using USD₮ on Avalanche in about seven minutes.
• The pilot tested stablecoins as a faster, more transparent way to move funds between global subsidiaries.
• Hyundai will expand stablecoin trials to Europe with Visa and Circle, exploring multi-currency payments.

Companies are increasingly testing stablecoins to speed up cross-border payments, and Hyundai has now joined that push. Hyundai Motor America and Hyundai Motor de México completed a cross-border treasury transfer using Tether’s USD₮ stablecoin on the Avalanche blockchain.

According to an announcement by Tether, the pilot involved Hyundai Motor America converting $20,000 into USD₮ before sending the funds to its Mexican unit. After receiving the payment, Hyundai Motor de México converted the stablecoins back into U.S. dollars.

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