Hyundai completes USDT treasury settlement pilot between US and Mexico
Hyundai Motor’s US and Mexico units completed a pilot cross-border treasury transfer using Tether’s USDT on Avalanche, settling a $20,000 payment in about seven minutes. Hyundai Motor America converted dollars to USDT, sent the stablecoin to Hyundai Motor Mexico, then converted it back to dollars. Tether said the process used Axiym’s settlement infrastructure, with Hyundai Card handling remittance design plus regulatory, compliance, accounting, and operations work. The test aimed to show stablecoin settlement can fit existing corporate treasury controls without changing governance or accounting processes. Next, the companies plan to test more payment corridors and local-currency settlement. The pilot reflects broader enterprise adoption of stablecoins for cross-border payments, liquidity management, and intercompany settlement, with corporate treasury becoming a major use case.
