Hyundai tests Tether stablecoin for cross-border treasury payments

The proof-of-concept involved converting U.S. dollars into USDT, transferring the asset, and converting it back into fiat currency upon arrival. Axiym provided the underlying settlement infrastructure, while Hyundai Card managed the complex regulatory, compliance, and accounting frameworks. By integrating blockchain transactions directly into existing treasury workflows, the participants aimed to prove that stablecoin adoption does not necessitate a complete overhaul of corporate governance standards.

Corporate interest in stablecoins is accelerating as firms look for ways to manage liquidity outside of standard banking hours. Bitso Business recently reported an 81% year-over-year increase in stablecoin transaction volumes, noting that financial institutions now represent over 60% of their new business clients. With the global stablecoin market capitalization exceeding $312 billion, Tether is actively courting institutional partners to scale these payment corridors, positioning its infrastructure as a primary tool for enterprise-grade, real-time capital movement.