Crypto13 July, 20262 min read
Hyundai Completes $20,000 USDT Treasury Transfer From US to Mexico on Avalanche
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Hyundai completed a $20,000 USDT cross-border transfer from US to Mexico in seven minutes. The transfer used Tether USDT on the Avalanche blockchain between Hyundai US and Mexico units.
Hyundai USDT pilot
Hyundai completed a $20,000 USDT transfer from its US subsidiary to its Mexico subsidiary using the Avalanche blockchain, with the transaction settling in approximately seven minutes. Tether said Hyundai Motor America converted U.S. dollars into USDT before sending the funds to Hyundai Motor Mexico, where it was converted back into U.S. dollars. The pilot used Axiym’s settlement infrastructure on the Avalanche blockchain, while Hyundai Card designed the remittance structure and oversaw the regulatory, compliance, accounting and operational requirements needed for the proof of concept.
Tether said the transfer and verification process took around seven minutes, compared with three to four hours or longer for a conventional cross-border bank transfer. The next phase will extend testing to additional payment corridors and local currency settlements as the companies evaluate broader enterprise treasury workflows.
Partners and design
Bitget described the pilot as led by Hyundai Card to evaluate whether stablecoin-based payments on blockchain networks could enable faster settlements compared with traditional bank transfers. CoinCentral said the proof of concept settled a $20,000 transfer using USDT in about seven minutes and that Hyundai Motor America converted $20,000 into USDT before sending the funds to Hyundai Motor Mexico. Tether said Axiym supplied the settlement infrastructure, while Hyundai Card designed the remittance structure and managed the regulatory, compliance, accounting and operational requirements needed for the test.
The companies built the trial to determine whether stablecoin settlement could fit into existing corporate treasury processes without requiring changes to governance, compliance or accounting frameworks. Tether said the next phase will evaluate additional international payment corridors and local currency settlements as the participating companies evaluate stablecoin settlement across more enterprise treasury workflows.
Broader enterprise push
Tether.io framed the effort as the first enterprise cross-border settlement Proof of Concept between Hyundai Motor America and Hyundai Motor de México through Axiym on the Avalanche blockchain network. In the same announcement, Tether said the POC demonstrated that an enterprise cross-border transfer and verification process could be completed in an average of seven minutes, compared with traditional interbank transfers that typically require three to four hours or more. Cointelegraph connected the Hyundai pilot to wider enterprise adoption, noting that in April Kyriba partnered with Circle to integrate the USDC stablecoin into its enterprise treasury platform.
Cointelegraph also cited a Bitso Business report that found stablecoin transaction volumes processed on its platform increased 81% year over year in the first half of 2026. Cointelegraph reported that a June Paybis report found 22.5% of surveyed businesses already use stablecoins for international payments or plan to within the next 12 months.