Hyundai Card Pilots USDT Cross-Border Transfers

Hyundai Card, a financial services company under Hyundai Motor Group, has completed a pilot of stablecoin-based cross-border transfers. The test moved approximately $20,000 between Hyundai Motor America and Hyundai Motor Mexico using the Avalanche C-Chain.

During the pilot, funds were converted into USDT, transmitted across borders via the Avalanche network, and then converted back into U.S. dollars. The entire process took about seven minutes. This test shows that large multinational corporations are exploring the use of stablecoins for intra-group fund allocation and cross-border treasury management. However, it remains a pilot and does not indicate that Hyundai Motor Group has fully adopted stablecoins for international payments.