Wu Blockchain@WuBlockchain
South Korea's largest automaker completes pilot USDT stablecoin transfer on Avalanche
Hyundai Motor, South Korea's largest automaker, became the country’s first major company to use blockchain for real-time internal cross-border treasury transfers. The company completed a $20,000 USDT stablecoin pilot from its U.S. entity to its Mexico entity on Avalanche, cutting settlement time from several hours through traditional banking rails to about seven minutes. Hyundai plans to expand the mechanism to more countries and local currencies, and will launch a second pilot for its European subsidiaries later this month with Circle and Visa.