Hyundai Card Completes Stablecoin Transfer Test Between Hyundai Motor’s US and Mexico Units

Highlights:

• Hyundai Card tested a stablecoin transfer between Hyundai Motor’s U.S. and Mexico entities for corporate payments.
• The $20,000 USDT transfer took about seven minutes, much faster than traditional bank transfers.
• Hyundai Card now plans a second stablecoin test in Europe with Circle and Visa.

Hyundai Card has completed a stablecoin transfer test between Hyundai Motor’s U.S. and Mexico entities, showing how digital assets could be used for faster corporate payments. Asia Economy reported on July 9 that the company finished a proof-of-concept (PoC) project using stablecoins for an actual overseas transfer process between Hyundai Motor affiliates.

The test was not limited to checking blockchain technology. Hyundai Card said it reviewed the full transfer process, including legal, tax, accounting, and internal control requirements. The aim was to see whether stablecoins can support real business payments between overseas companies.

Hyundai Card wraps up a stablecoin PoC for cross-border payments between its U.S. and Mexico offices. 📢

Next step: expanding to European operations with Circle and Visa. pic.twitter.com/4OMyCxUwEg

— The Moon Show (@TheMoonShow) July 9, 2026

Hyundai Card Tests USDT Transfer Between Hyundai Motor Units

In the first test, Hyundai Motor America sent $20,000 to Hyundai Motor Mexico. The amount was changed into USDT, transferred between the two entities, and then converted back into U.S. dollars. Hyundai Card said the full process, including transfer and verification, took an average of seven minutes. The company compared this with traditional bank transfers, which usually take more than three to four hours for similar cross-border payments.

The first proof of concept involved Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Avalanche, and Axiym. Tether provided the dollar-based stablecoin, while Avalanche and Axiym supported the blockchain and payment infrastructure used in the test.

Hyundai Card said the result showed that stablecoin transfers can offer speed and stability in corporate payment systems. The firm also prepared for potential issues that may arise when companies use stablecoins for real international settlements.

Hyundai Card Plans Second Test in Europe

Hyundai Card now plans to expand the project to Hyundai Motor’s European entities later this month. The second test will use local currencies outside the U.S. dollar and will focus more on foreign exchange costs.

The company wants to check whether stablecoin transfers can reduce costs linked to currency conversion. This part is important for global companies because overseas payments often involve bank fees, exchange spreads, and settlement delays.

Circle and Visa are expected to join the second proof of concept as global partners. Their role shows that Hyundai Card is looking at stablecoins as part of wider payment infrastructure, not only as a crypto trial.

Hyundai Card said the project gives it a base to study stablecoin use across Hyundai Motor Group’s global operations. These areas may include overseas settlements, fund transfers, and payment systems between foreign affiliates.

According to an executive at Hyundai Card, the PoC is significant in that the company has taken its technology tests further and made stablecoin transfers ready for actual applications. The executive stated that Hyundai Card would pursue more stablecoin businesses in international money transfer and payments.