- Hyundai completed a USDT treasury pilot on Avalanche, reducing cross-border transfer time to about seven minutes.
- The proof of concept tested stablecoin settlement within enterprise treasury, compliance, and governance frameworks.
- The next phase will expand testing across new payment corridors and local currency settlement workflows.
Hyundai Motor America and Hyundai Motor de México completed a cross-border treasury pilot using Tether’s USDT on the Avalanche blockchain, according to Tether. The proof of concept, completed through Axiym, tested enterprise fund transfers between the two subsidiaries. The transaction averaged seven minutes, compared with traditional interbank transfers that often require three to four hours or longer.
Pilot Tests Enterprise Treasury Transfers
According to Tether, Hyundai Motor America converted $20,000 into USDT before sending the stablecoins to Hyundai Motor de México. The receiving entity then converted the funds back into U.S. dollars. The pilot covered both international fund transfers and transaction verification.
According to Tether, the process evaluated how stablecoins could support cross-border settlement for corporate treasury operations. Axiym provided the regulated settlement infrastructure used during the proof of concept. As a result, the platform enabled near real-time movement of USDT throughout the transaction.
Meanwhile, Hyundai Card managed the remittance structure supporting the pilot. The company also oversaw regulatory reviews, compliance requirements, accounting considerations, and the operational framework used during the evaluation.
Stablecoin Infrastructure Moves Beyond Crypto
According to Tether, the project examined more than transaction speed. The company said the initiative also evaluated blockchain-based financial infrastructure for enterprise treasury management.
The proof of concept builds on Tether’s existing strategic investment in Axiym. It also supports the company’s efforts to expand enterprise and institutional use cases for USDT.
Paolo Ardoino, Tether’s chief executive officer, said stablecoins are becoming part of the next generation of global financial infrastructure. He added that Hyundai’s initiative reflects growing enterprise demand for faster and more transparent cross-border value transfers.
Next Phase Expands Cross-Border Testing
The next stage of the initiative will examine additional international payment corridors and local currency settlement. According to Tether, participants will further evaluate stablecoin use across broader enterprise payment and treasury workflows.
The company said businesses operating across multiple jurisdictions continue seeking faster and more transparent methods for moving capital. According to Tether, the completed pilot demonstrated how stablecoin-based settlement can operate within existing governance, compliance, and operational frameworks during international treasury transfers.
