Hyundai Card Tests Stablecoin Payments in Global Automotive Shift

• Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes.
• The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments.
• Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers.

Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries in the United States and Mexico, marking a major step toward blockchain-powered corporate settlements.

The payment company tested real intercompany transfers using stablecoins, aiming to improve international payment efficiency while exploring new financial infrastructure for global operations.

Hyundai Card Completes Stablecoin Transfer Between Hyundai Units

Hyundai Card, the payments division of Hyundai Motor Group, said Thursday it has completed a proof-of-concept (PoC) involving stablecoin transfers between Hyundai Motor America and Hyundai Motor Mexico. 

The transaction involved converting $20,000 into Tether’s USDT before sending the funds through the Avalanche blockchain network.

After receiving the stablecoins, Hyundai Motor Mexico converted the assets back into US dollars. The entire process, including transfer and verification, took around seven minutes, according to the company.

By comparison, traditional international bank transfers often require several hours to complete. Hyundai Card said the test demonstrated how blockchain-based payment systems could improve settlement speed and operational efficiency.

The company worked with stablecoin issuer Tether, blockchain network Avalanche, and payment infrastructure provider Axiym during the pilot. 

Additionally, Hyundai Card managed the payment structure while reviewing accounting, tax, legal, and internal control requirements.

The company emphasized that the project involved an actual intercompany settlement rather than a simulated blockchain experiment. Therefore, the test focused on addressing practical challenges involved in adopting stablecoin payment systems.

Hyundai Card described the initiative as the first stablecoin-based cross-border transfer proof-of-concept conducted by a Korean card company involving real corporate remittance activity.

Hyundai Expands Stablecoin Payment Strategy With Global Partners

Following the initial US-Mexico test, Hyundai Card plans to launch a second stablecoin payment trial involving Hyundai Motor subsidiaries in Europe later this month.

The upcoming pilot will include additional partners such as Visa and Circle, the issuer of the USDC stablecoin. 

Moreover, the company will expand testing beyond dollar-based transactions by exploring transfers involving multiple local currencies.

Hyundai Card aims to evaluate whether stablecoin-based payments can reduce currency conversion expenses while improving international settlement processes. The company will also examine the broader economic benefits of blockchain-powered financial infrastructure.

The move reflects growing interest among corporations and payment providers in using stablecoins for faster global transactions. As businesses seek alternatives to traditional banking systems, stablecoins are increasingly being tested for cross-border payments and treasury operations.

Hyundai Card said it will continue exploring stablecoin applications across international remittances and payment infrastructure. The company’s latest trial highlights the growing role of blockchain technology in transforming corporate financial operations worldwide.

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