South Korea
TokenPost
Hyundai Card Completes $20,000 Transfer Between Hyundai Motor Entities in 7 Minutes
- Hyundai Card ran a cross-border stablecoin settlement test on the Avalanche network, moving $20,000 between Hyundai Motor's US and Mexico corporate entities in about 7 minutes.
- The transfer used USDT: converted from dollars in the US, sent via Avalanche, and converted back to dollars in Mexico — cutting settlement time by roughly 96-97% versus traditional bank transfers (3-4 hours).
- Hyundai Card managed regulatory, legal, tax, and internal-control aspects and designed the remittance structure, with Tether, Avalanche (AVAX), and payment infrastructure firm Axiym participating; the pilot targeted B2B intercompany settlement, not retail card payments.