Hyundai is the first major South Korean company to use an internal stablecoin-based cross-border payment system on the Avalanche blockchain. The system lets Hyundai send funds between subsidiaries using USDT, cutting settlement time compared to traditional banks. The first live transfer sent $20,000 from Hyundai Motor America to Hyundai Motor Mexico in about seven minutes, much faster than the usual several hours.
This is more than just a pilot project. Ava Labs, which runs the Avalanche blockchain, says Hyundai has shown that stablecoins can be used for real corporate treasury work, not just experimental blockchain tests.
In the first phase, U.S. dollars were changed into Tether’s USDT stablecoin, sent over the Avalanche network, and then turned back into dollars at the Mexican branch. Hyundai says this process made settlements much faster and simpler.
Hyundai Card, the group’s financial arm, leads the project. Executives say the system aims to improve treasury management and cut the costs of cross-border payments.
Hyundai and Ava Labs are planning the next phase of the project. They will look at more international payment routes and add support for more local currencies. Later this month, Hyundai will start another pilot with its European branches, testing local currency transfers with Circle (the USDC issuer) and Visa.
This project is part of a larger trend where global companies are trying stablecoins for treasury management and cross-border payments. As stablecoin systems improve, more businesses see blockchain transfers as a quicker, more efficient option than traditional banks.
Hyundai’s move matters for the digital asset industry because it shows a real business use for stablecoins beyond just crypto trading. If one of the world’s biggest automakers can make it work, other global companies may start looking at stablecoins for their own financial operations.
🚨HYUNDAI TO USE AVALANCHE FOR STABLECOIN TRANSFERS
Hyundai has moved its cross-border internal remittance system into production readiness on Avalanche, making it the FIRST major South Korean company to use the network for live treasury transfers.
The pilot moved USD and USDT… pic.twitter.com/Rmi0Q2bIYG
— Coin Bureau (@coinbureau) July 10, 2026
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