South Korean financial company Hyundai Card has successfully conducted a test cross-border transfer using stablecoins, demonstrating a significant advantage over traditional banking systems.
The experiment, carried out between Hyundai Motor divisions, showed a dramatic acceleration in international payments. The amount of $20,000 was converted into stablecoins, sent from the USA to Mexico, and then exchanged back into US dollars. The entire cycle took about seven minutes, whereas using standard banking channels for a similar operation takes from three to four hours.
Key participants in the project were the issuer of the largest stablecoin Tether, the blockchain platform Avalanche, and the payment infrastructure company Axiym. The choice of these partners is not accidental: Tether provides liquidity and stability, Avalanche offers high throughput and low fees, and Axiym enables integration with existing financial systems.
Analytical Commentary
This experiment is not just a technical demonstration but a serious signal for the entire corporate sector. Hyundai Card, part of one of the world's largest industrial conglomerates, has effectively confirmed that stablecoins can become a working tool for settlements between international subsidiaries of large corporations. Reducing transfer time by 30 times while maintaining full transaction transparency is exactly what modern global logistics and supply chains lack. I expect that in the next 12–18 months, we will see widespread adoption of similar solutions among Asian industrial giants, especially in B2B payments between the USA and Latin America.