Hyundai Card settles USDT remittance on Avalanche in 7 minutes

On July 9, 2026, Hyundai Card completed a stablecoin remittance proof of concept. The test converted $20,000 into USDT, routed the tokens over the Avalanche blockchain from Hyundai Motor America to Hyundai Motor Mexico, and converted the funds back into dollars at the receiving office. The roundtrip settlement averaged seven minutes.

Hyundai Card reported that the same transfer takes three to four hours through traditional interbank wire channels. The company said it designed legal, accounting, tax and internal control procedures before running the transaction. The transfer used operating company funds between subsidiaries rather than test tokens in a sandbox.

Three partners supported the operation. Tether supplied the USDT used for settlement, Avalanche provided the blockchain network, and Axiym served as the infrastructure layer linking conventional payment systems to on-chain settlement.

A second proof of concept is scheduled for late July 2026 and will expand the program to Hyundai Motor’s European subsidiaries. Circle and Visa will join the project. That phase will test multi-currency remittances and measure whether blockchain-based settlement can reduce foreign-exchange conversion costs compared with existing banking routes.

Hyundai Card described the pilot as the first stablecoin remittance initiative led by a card company. Hyundai Card is a subsidiary of Hyundai Motor Group, a global automaker with operations in multiple countries.

In 2026, some enterprises and large corporates have explored stablecoin rails for cross-border payments, citing faster settlement and lower transaction costs as the main drivers for testing blockchain-based settlement solutions.