7-minute cross-border settlement, traditional SWIFT looked on in silence. This modern automaker’s latest POC directly pushes stablecoins into the real economy. By the end of the month, Europe will also add Circle and Visa. The era of traditional financial giants lining up to get on-chain is finally here.

CoinWorld News: According to digital asset, Hyundai Card and Hyundai Motor have completed a proof-of-concept (POC) for stablecoin-based remittances between overseas subsidiaries and have prepared for actual business application. In the first phase of the POC, Hyundai Motor America (HMA) converted $20k into USDT and remitted it to Hyundai Motor Mexico (HMM), then converted it back to USD. The entire process took an average of 7 minutes, with Tether and Avalanche participating. Hyundai Card stated that by the end of this month, it will launch the second phase of the POC targeting Hyundai Motor Europe, conducting actual remittances based on local currencies and verifying the cost savings from currency exchange. Circle and Visa will participate.