Loading data, please wait a moment. We are fetching the latest content from the server and validating, organizing, and rendering it to ensure the information you see is accurate, complete, and up to date. Loading speed may be affected by your network, device performance, or the current amount of data, so a brief wait is normal. To avoid extra delays caused by duplicate requests, please don't refresh frequently or repeatedly click buttons, and don't close the page or switch to an offline network. The page will update automatically once the data is ready. If it takes noticeably longer, check your network connection and try refreshing or coming back later. If the issue persists, please let us know so we can investigate. Thanks for your patience and understanding.
Total MarketCap: $0 0
24H Vol: $0.00
BTC:
0 sat/vB
ETH: Gwei
Proof of concept for stablecoin remittances between modern credit cards and modern cars, completing business operations between the US and Mexico
PANewsJul 9, 2026
According to the Asia Business Daily, Hyundai Card and Hyundai Motor have completed a proof-of-concept (PoC) for cross-border remittances based on stablecoins, enabling stablecoin transfers between Hyundai Motor’s U.S. and Mexican subsidiaries; they plan to launch the second round of validation among European subsidiaries by the end of this month.
In the first PoC, Hyundai Motor’s U.S. subsidiary converted $20,000 into $USDT, transferred it to its Mexican subsidiary, and then reconverted it back into USD; the entire process took an average of 7 minutes—significantly faster than traditional interbank wire transfers, which typically take over 3–4 hours. Participants included Hyundai Card, Hyundai Motor’s U.S. and Mexican subsidiaries, Tether, Avalanche, and Axiym.The second PoC will be conducted in Europe and involve actual remittances in non-USD local currencies, with Circle and Visa participating.[PANews]
Powered by ChatGPTAll You Need to Know in 10s