Hyundai Card Pushes Avalanche Stablecoin Pilot into Scale Testing

Hyundai Card is pushing its Avalanche stablecoin trial to scale testing after successfully completing an actual $20,000 transaction between Hyundai Motor companies in the US and Mexico.

The test demonstrated that the platform can support corporate settlements. The company's goal is to prove that a fully operational version of the model works at scale, as stated by Heejung Nam, who leads payments and business development at Hyundai Card.

During the trial, Hyundai Motor America supplied $20,000 in USDT, which was transferred through the Avalanche network. The funds were then converted back to US dollars by Hyundai Motor Mexico.