Hyundai Card Completes Stablecoin Cross-Border Remittance Pilot, $20,000 Settled in ~7 Minutes
Hyundai Card and Hyundai Motor have completed a proof-of-concept for stablecoin-based cross-border remittance, transferring $20,000 in USDT from the U.S. to Mexico in about seven minutes.
Hyundai Card, in collaboration with Hyundai Motor, has successfully completed a technical verification of stablecoin-based cross-border remittances. Hyundai Motor America converted $20,000 into USDT, transferred it via blockchain to the Mexican subsidiary, and converted it back to U.S. dollars. The entire process took an average of about seven minutes.
The project involved Tether, Avalanche, and Axiym, using real funds, but remains a proof-of-concept (PoC) and has not yet been commercialized. Hyundai Card’s next step is to partner with Circle and Visa to test local currency settlement and foreign exchange costs between Hyundai Motor’s European subsidiaries.
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-07-20
- Last updated
- 2026-08-14
- Source material
- Source not labeled
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