Hyundai Card and Hyundai Motor Complete Stablecoin Remittance Pilot Between U.S. and Mexico Units

Hyundai Card and Hyundai Motor have completed a proof of concept (PoC) for stablecoin-based remittances between Hyundai Motor’s subsidiaries in the United States and Mexico. According to NS3.AI, the companies plan to run a subsequent PoC involving Hyundai Motor’s European subsidiaries. The test involved Tether, Avalanche, and Axiym. The companies did not disclose transaction volumes, costs, or timelines for the next phase.