Hyundai Completes USDT Transfer On Avalanche In Corporate Treasury Pilot

Hyundai Motor and Hyundai Card completed a stablecoin remittance pilot between the automaker’s U.S. and Mexico entities, moving $20,000 through USDT on Avalanche as one of South Korea’s first major corporate tests of blockchain-based internal treasury settlement.

The transaction converted funds from Hyundai Motor America into USDT, sent the tokens to Hyundai Motor Mexico and converted the amount back into dollars. The full transfer and verification process took about seven minutes, compared with more than three to four hours through traditional interbank rails.

The first pilot involved Tether, Avalanche and Axiym, with Hyundai Card handling the compliance, accounting, tax, legal and internal-control framework around the transfer. The test was structured as an intercompany remittance rather than a retail payment or exchange settlement.

The transaction gives Avalanche another corporate payments use case after the network launched an Avalanche Payments Collective with finance and crypto firms focused on stablecoins, tokenized funds, custody and settlement infrastructure.

Stablecoins Move Into Corporate Settlement

Hyundai’s pilot adds to a wider shift in stablecoin usage from crypto trading balances toward treasury and payment operations. Stablecoins are increasingly being tested for cross-border settlement, card funding, issuer settlement and business-to-business money movement.

Visa has already added Polygon stablecoin settlement for issuers that need a faster way to settle card flows outside standard banking hours. The model gives payment companies a route to move value during weekends, holidays and cut-off windows that still shape traditional settlement.

Corporate payments firms are also moving in the same direction. Nium recently acquired Cypher to expand stablecoin card infrastructure, tying wallet and card issuing tools into a broader cross-border payments stack.

Hyundai’s test stays narrower than those card programs. It focuses on internal treasury movement between subsidiaries, where the operational value is speed, verification and local-currency conversion rather than consumer spending.

Europe Pilot Will Add Circle And Visa

Hyundai plans a second proof of concept for its European subsidiaries later this month. The next phase will test stablecoin transfers tied to local currencies and foreign-exchange costs, with Circle and Visa joining the pilot.

That stage will move beyond a dollar-only USDT transfer and test whether the same structure can support multi-currency settlement inside Hyundai’s corporate network. The European pilot is expected to involve Hyundai Motor overseas entities and additional checks around FX, compliance and operational controls.