Hyundai completes a $20K USD₮ treasury pilot on Avalanche, settling between U.S. and Mexico units in about seven minutes.
- Hyundai successfully completed a corporate treasury pilot using Tether's USD₮ stablecoin for cross-border settlement between its U.S. and Mexico units.
- The transaction, facilitated by Axiym on the Avalanche blockchain, settled in approximately seven minutes, significantly faster than traditional bank transfers.
- This pilot demonstrates the potential of stablecoins for enterprise treasury management and cross-subsidiary payments, with Hyundai Card overseeing compliance and operational aspects.
Topics: Asset types, Infrastructure providers, Integration with defi, Stablecoins digital cash, Tokenization platforms, On chain treasury management
Tags: #hyundai #tether #usdt #avalanche #stablecoin #crossbordersettlement #corporatetreasury #pilot #axiym
No comments:
Post a Comment