Hyundai Card Uses USDT and Avalanche for First Intercompany Remittance Trial
The pilot took seven minutes on average, compared with three to four hours for conventional bank transfers, Hyundai Card said.
10 Articles
10 Articles
Hyundai Card uses USDT and Avalanche for first intercompany remittance trial
Hyundai Card has completed its first stablecoin-based cross-border remittance test, settling a $20,000 payment between Hyundai Motor’s U.S. and Mexican entities in about seven minutes using USDT on Avalanche. According to a Hyundai Card press release, the proof-of-concept (PoC) involved…
Hyundai Card announced on the 9th that it is conducting a Proof of Concept (PoC) for international remittances utilizing stablecoins. The first PoC was conducted in a manner where Hyundai Motor America (HMA) converted $20,000 into stablecoins, remitted it to Hyundai Motor Mexico (HMM), and then converted it back into dollars. While traditional bank remittance methods take more than 3 to 4 hours, national
Hyundai Card Tests Stablecoin Remittance With Tether
Hyundai Card said it completed an initial proof-of-concept for cross-border stablecoin remittances between Hyundai Motor America and Hyundai Motor Mexico, The Korea Herald reported July 9. The test used Tether’s USDT on Avalanche and involved payments infrastructure firm Axiym, making stablecoin settlement a treasury workflow rather than a lab-only experiment. In the test, Hyundai Motor America converted $20,000 into USDT, sent it to Hyundai Mot…
Hyundai Runs First Live USDT Remittance on Avalanche
Hyundai Card and Hyundai Motor Company have completed their first live cross-border stablecoin remittance between overseas subsidiaries using Tether's USDT on the Avalanche blockchain, marking a significant step toward real-world corporate adoption of blockchain-based payments. According to reports, the pilot focused primarily on technical feasibility, and the proof of concept (PoC) supported an actual intercompany settlement between Hyundai Mot…
Hyundai Card Completes Stablecoin Cross-Border Remittance PoC at Commercial Deployment Level
Hyundai Card and Hyundai Motor Company have completed preparations for stablecoin-based cross-border remittances at a level that could be deployed between overseas corporate entities, moving beyond a simple technical verification stage. Hyundai Card announced on July 9 that it had completed a proof of concept (PoC) using stablecoins to transfer funds between Hyundai Motor America and Hyundai Motor Mexico, and that it will proceed with a second P…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
