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Hyundai Card Completes Stablecoin Remittance PoC Between U.S. and Mexico Units, Transfers $20,000 USDT in 7 Minutes

Partnerships & Ecosystem

2026-07-09 02:02:16

005380-4.54%

AVAX1.60%

CRCL-1.58%

V-1.29%

According to Hyundai Card, on July 9, the company and Hyundai Motor completed a proof-of-concept for stablecoin-based cross-border remittance between the automaker's U.S. and Mexico subsidiaries. The first phase involved transferring $20,000 in USDT (Tether) from Hyundai Motor America to Hyundai Motor Mexico, with the entire process including verification completed in an average of 7 minutes—significantly faster than traditional bank transfers, which typically take 3 to 4 hours or longer. The PoC involved Hyundai Card, Tether, and blockchain platform Avalanche. A second phase targeting Hyundai Motor's European operations will begin later this month, with Circle and Visa participating to test local currency transfers and further validate cost savings.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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