Hyundai and Tether Pilot USDT Treasury Transfer on Avalanche

Hyundai Motor America and Hyundai Motor Mexico have successfully completed a pilot program using the USDT stablecoin to settle a cross-border treasury payment, completing a $20,000 transfer in approximately seven minutes. The proof-of-concept, executed on the Avalanche blockchain, demonstrates a significant acceleration compared to traditional international bank transfers, which typically require three to four hours or more.

In the pilot, Hyundai Motor America converted U.S. dollars into USDT tokens and transmitted them to its Mexican subsidiary. Hyundai Motor Mexico then converted the received USDT back into U.S. dollars, completing an end-to-end blockchain-based settlement cycle. The companies utilized Axiym's regulated settlement infrastructure on the Avalanche network to handle the transfer and verification processes.

A key objective of the test was to evaluate whether stablecoin settlement could integrate into existing corporate treasury operations without altering established governance, compliance, or accounting frameworks. Hyundai Card designed the remittance structure and managed the regulatory review, accounting requirements, and compliance checks for the pilot....