Hyundai Card Touts Stablecoin Transfer Success, Eyes Larger Scale Testing

Hyundai Card has completed a live $20,000 corporate transfer between Hyundai Motor entities in the U.S. and Mexico using its Avalanche-based stablecoin payment experiment.

The transaction was settled in roughly seven minutes, with Hyundai Motor America converting dollars into USDT before sending funds to Hyundai Motor Mexico directly through the blockchain.

Hyundai Card plans to test whether the operating model can handle larger transaction volumes reliably, moving from a proof of concept to scale-testing phase.