Hyundai Card Completes First Stablecoin Pilot, Transfers $20,000 via USDT on Avalanche in 7 Minutes

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According to Hyundai Card's announcement on Thursday, the company completed its first proof-of-concept test of stablecoin-based cross-border remittance with Tether and Avalanche. The test involved Hyundai Motor America converting $20,000 into USDT, transferring it to Hyundai's Mexico office, and converting it back to dollars—a process completed in approximately seven minutes. In contrast, traditional interbank transfers for the same transaction would take three to four hours. Hyundai Card oversaw regulatory review, legal and tax checks, and remittance structure design, with blockchain infrastructure firm Axiym also participating in the pilot.
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