Hyundai became the first large enterprise in South Korea to use blockchain for real-time cross-border internal financial transfers. Hyundai successfully completed a pilot transfer of $20k in USDT stablecoins from a U.S. company to a Mexican company on the Avalanche blockchain, cutting settlement time from several hours on traditional banking networks to 7 minutes. The company plans to expand this mechanism to more countries and local currencies, and revealed that later this month it will work with Circle and Visa to launch a second-phase cross-border settlement test for its European subsidiaries. (CoinDesk)