Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai became South Korea's first major company using stablecoins for live cross-border treasury transfers on Avalanche blockchain. The carmaker moved $20,000 from U.S. to Mexico operations in seven minutes via USDT, versus traditional banking's three-to-four hours. Expansion plans include European pilots with Circle and Visa, signaling enterprise stablecoin adoption beyond crypto trading for cost-efficient subsidiary transfers.
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