stable coins
By Sakamoto Nashi
1 / 15
The Pilot Was Real Funds, Real Firms. The project pulled in five players: Hyundai Card, Hyundai Motor, Tether, Avalanche, and Axiom — a…
2 / 15
Why Avalanche, Why Now. Cross-border corporate payments have been a pain point for multinationals for a long time.
3 / 15
What Comes Next Is Still Murky. Nam's comments about scalability are the clearest signal of intent.
4 / 15
Hyundai Card wants more. After quietly running a real-money blockchain payment between two Hyundai subsidiaries, the South Korean financial arm of the automaker group is now…
5 / 15
The test wasn't theoretical. Hyundai Card ran a $20,000 cross-border transaction between Hyundai Motor America and Hyundai Motor Mexico using Tether's USDT on the Avalanche…
6 / 15
Seven minutes. For a payment that size, that's genuinely fast.
7 / 15
The project pulled in five players: Hyundai Card, Hyundai Motor, Tether, Avalanche, and Axiom — a blockchain payments firm that helped execute the settlement.
8 / 15
Heejung Nam, who leads payments and business development at Hyundai Card, was pretty direct about what comes next. The pilot proved the concept.
9 / 15
That said, there's no timeline yet. No rollout date. No public commitment to a full deployment across the group.
10 / 15
Cross-border corporate payments have been a pain point for multinationals for a long time. Traditional correspondent banking is slow, expensive, and layered with intermediaries.
11 / 15
Read also: OpenAI Claims Justin Sun Prize with Major Math Breakthrough on Navier-Stokes Equations
12 / 15
Hyundai Card's bet on Avalanche fits into a broader pattern. The network has been actively courting institutional and enterprise use cases, and it's not the only blockchain doing…
13 / 15
The USDT piece matters too. Using Tether's stablecoin kept the transaction pegged to dollars on both ends, which is probably the only way a treasury team signs off on something…
14 / 15
Nam's comments about scalability are the clearest signal of intent. The pilot was small — $20,000 is basically a rounding error for a company the size of Hyundai Motor Group.
15 / 15
Axiom's role in the settlement process seems to be a key part of the answer. Blockchain payments firms like Axiom handle a lot of the messy middle layer — the part that doesn't…
The Currency Analytics
Want the full story?