Hyundai Motor completes USDT cross-border settlement, transferring funds between the United States and Mexico in 7 minutes

Hyundai completed a USDT cross-border treasury transfer pilot between its subsidiaries in the US and Mexico, settling $20k in just about 7 minutes on the Avalanche chain—far faster than the 3–4 hours typically required by traditional banks.
(Background: Tether completed a $45 million USDT spot oil trade, targeting the $10 trillion trade finance market.)
(Background add-on: Tether’s 2025 Q4 report: USDT market cap is close to $190 billion, with multiple metrics setting new highs.)

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• Axiym infrastructure + Hyundai card design
• Corporate treasuries are the next battleground for stablecoins
• The stablecoin market continues to grow

Hyundai’s US and Mexico subsidiaries completed a pilot for cross-border treasury transfers using the Tether USDT stablecoin. The payment was completed in only about 7 minutes on the Avalanche blockchain.

According to Tether, Hyundai US first converts funds into USDT, transfers the stablecoin to Hyundai Mexico, and then converts back into US dollars. The entire process takes about 7 minutes, while traditional cross-border bank transfers typically take 3 to 4 hours or more.

Axiym infrastructure + Hyundai card design

The pilot used Axiym (the Avalanche subnet) settlement infrastructure, while Hyundai Card was responsible for designing the remittance structure and overseeing compliance, accounting, and operational requirements.

The purpose of the pilot is to assess whether stablecoin settlement can be integrated into existing corporate financial operations workflows without changing governance, compliance, or accounting systems. The next phase will expand to more payment corridors and settlement in the local currency.

Corporate treasuries are the next battleground for stablecoins

Corporate treasury management is becoming an important battleground for stablecoin companies. In April this year, treasury management software firm Kyriba partnered with Circle to integrate USDC into enterprise treasury platforms, enabling treasury teams to handle cross-border and internal settlements during non-bank business hours.

A report released this month by Bitso Business shows that stablecoin trading volume surged 81% in the first half of 2026, and over 60% of new enterprise customers are banks and licensed payment institutions.

A Paybis survey in June found that 22.5% of surveyed companies have already used, or plan to use, stablecoins for international payments within 12 months. Citing a McKinsey study, intercompany transactions account for about 60% of the $390 billion global stablecoin payment volume in 2025.

The stablecoin market continues to grow

According to DefiLlama data, the total stablecoin market cap has risen to about $312.3 billion, up about 21.5% from $257.1 billion a year earlier. Tether’s USDT remains the stablecoin with the largest market cap.

Hyundai’s pilot is a concrete example of enterprise-grade stablecoin applications, showing that stablecoins are no longer limited to the crypto market and have officially entered the financial operations of large-scale manufacturing.