TL;DR:
- Amount and duration: The corporate pilot settled an intercompany payment of $20,000 in an estimated time of seven minutes.
- Infrastructure used: The operation was processed through the Avalanche blockchain network and the settlement platform of the firm Axiym.
- Market growth: The total capitalization of stablecoins rose to $312.3 billion in July 2026, reflecting an annual increase of 21.5%.
Hyundai Motor units in Mexico and the United States successfully completed a proof of concept to optimize cross-border treasury transfers, featuring Tether’s stablecoin, USDT, as the protagonist.
This action represents a giant step toward integrating digital assets into the financial structures of multinational corporations. According to information from Tether, the Hyundai Motor America subdivision converted the initial funds into USDT, transferred the digital assets to the Hyundai Motor Mexico unit, and finally reconverted them back into US dollars at the destination.
This operational workflow substantially reduced commercial wait times compared to traditional banking rails. Technical test data indicates that the sending and verification process required an average of seven minutes, a time window drastically shorter than the three to four hours usually demanded by a conventional cross-border bank transfer.
The remittance structure was designed by Hyundai Card. Additionally, this entity directly supervised the regulatory, legal compliance, accounting, and operational control requirements needed to validate the viability of the pilot. The underlying settlement infrastructure was provided by the technology vendor Axiym.
Corporate adoption and perspectives in liquidity management
The integration of stablecoins into corporate financial management is experiencing steady development. According to a Bitso Business report published this month, stablecoin transaction volumes on its platform increased by 81% year-over-year during the first half of 2026, driven by corporate demand for instant liquidity solutions.
The trend aligns with initiatives from other providers in the technological and financial sectors. Crypto ecosystem reports recall that in April of this year, treasury management software firm Kyriba finalized an alliance with Circle to incorporate the USDC stablecoin into its enterprise platform, facilitating real-time balances outside traditional banking hours.
Companies’ interest in these digital alternatives is backed by various commercial studies. A Paybis survey published in June determined that 22.5% of the consulted businesses already use stable assets for their international payments or plan to implement them within the next 12 months.
Similarly, McKinsey estimates cited in that document point out that business-to-business (B2B) operations accounted for nearly 60% of the $390 billion transacted with stablecoins globally during the year 2025.
Following the validation of this first operational stage between the United States and Mexico, the organizers are preparing for new testing scenarios. The project’s official documentation indicates that the next phase will expand trials to additional payment corridors and local currency settlements. In this regard, spokespersons for the consortium announced that they plan to execute a second pilot with their European subsidiaries later this month, where strategic cooperation with the firms Circle and Visa is projected to analyze multi-currency transfers involving euros and British pounds.
