CoinDesk reported Hyundai moved a stablecoin treasury transfer out of a pure test environment, using USDT on Avalanche to send $20,000 between its U.S. and Mexico entities in about seven minutes.

Hyundai Card said the same route would typically take three to four hours through traditional banking networks, but Hyundai has not disclosed pricing, compliance treatment or a broader production timetable.

Hyundai Stablecoin Treasury Transfer Uses USDT Between U.S. And Mexico

CoinDesk reported the first phase converted dollars from Hyundai Motor America into Tether's USDT stablecoin and then converted the funds back into dollars for Hyundai Motor Mexico.

Ava Labs described the Avalanche transaction as a live internal remittance between subsidiaries and a treasury management use case rather than a sandbox.

CoinDesk cited Justin Kim, head of APAC at Ava Labs, saying Hyundai was the first major enterprise to publicly announce this type of Avalanche implementation.

CoinDesk described Hyundai as the world's third-largest carmaker by vehicle sales, and did not describe any customer-facing payment service from the pilot.

Hyundai Card Reports Seven-Minute Settlement

Hyundai Card, the manufacturer's credit-card unit and project leader, said the process averaged seven minutes.

The comparison point was the three to four hours typically required through traditional banking networks for the same cross-border movement between Hyundai's U.S. and Mexico entities.

The companies told CoinDesk they plan to expand the project to additional payment corridors and currencies.

Ava Labs said the next phase will explore local currencies and more enterprise use cases, while stablecoin infrastructure firm Bridge said at Consensus Miami in May that large companies are testing stablecoins for subsidiary transfers, cross-border settlement and lower bank-rail costs.

Circle And Visa Join The European Pilot

Hyundai's next regional test is due in Europe later this month.

CoinDesk said that phase will examine local-currency transfers and foreign-exchange conversion costs in partnership with Circle Internet, the issuer of USDC, and Visa.

Hyundai has disclosed one cross-border internal transfer, a second regional pilot and named infrastructure partners.

The company did not disclose transaction fees, compliance approvals, production rollout dates, supported currency pairs or volume targets for wider stablecoin treasury use.