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Hyundai Card Launches Cross-Border Remittance System on Avalanche, Transfers $20K in 7 Minutes

2026-07-10 15:33:50

AVAX0.57%

CRCL4.90%

V0.23%

According to CoinDesk, Hyundai Card launched an internal cross-border remittance system on Avalanche on July 10, becoming the first major South Korean enterprise to publicly adopt stablecoins for cross-border treasury settlements. In the pilot phase, Hyundai's U.S. subsidiary transferred $20,000 to its Mexico subsidiary via USDT conversion in approximately 7 minutes, significantly reducing processing time compared to traditional banking transfers of 3 to 4 hours. The company plans to expand to additional cross-border corridors and currencies, with a second-phase pilot in Europe alongside Circle and Visa to test local currency settlement and foreign exchange costs.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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