Hyundai Card has successfully completed a pilot of stablecoin-based corporate payments on the Avalanche blockchain, executing a real fund transfer between Hyundai Motor America and Hyundai Motor Mexico for approximately $20,000. The process took an average of seven minutes, compared to three to four hours with traditional banking infrastructure. The project involved Hyundai Card, Hyundai Motor, Tether, Avalanche, and Axiom. Hyundai is now looking to prove that this economic model can work at scale across Hyundai Motor Group, without yet announcing a timeline or group-wide deployment.
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