{"id":75167,"date":"2026-07-09T12:31:37","date_gmt":"2026-07-09T12:31:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hyundai-card-turns-20000-stablecoin-test-into-real-world-remittance-as-europe-trial-draws-closer\/"},"modified":"2026-07-09T12:31:37","modified_gmt":"2026-07-09T12:31:37","slug":"hyundai-card-turns-20000-stablecoin-test-into-real-world-remittance-as-europe-trial-draws-closer","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hyundai-card-turns-20000-stablecoin-test-into-real-world-remittance-as-europe-trial-draws-closer\/","title":{"rendered":"Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A second pilot launches later this month with Circle and Visa to test local currencies across European units.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Shaving Hours off Transaction Times<\/h2>\n<p>Hyundai Card successfully tested stablecoin-based <a href=\"https:\/\/news.bitcoin.com\/imf-warns-nigerias-stablecoin-boom-could-weaken-local-currency-demand\/\">cross-border payments<\/a> between Hyundai Motor Group subsidiaries in North America, slashing transaction times from hours to minutes, the card issuer recently <a href=\"https:\/\/www.koreaherald.com\/article\/10803760\" target=\"_blank\" rel=\"noopener noreferrer\">disclosed<\/a>.<\/p>\n<p>The proof-of-concept (PoC) test involved transferring funds between California-based Hyundai Motor America and Hyundai Motor Mexico. During the pilot, the U.S. unit converted $20,000 into dollar-based <span>stablecoins<\/span> and transmitted them to the Mexican affiliate, where the funds were converted back into greenbacks.<\/p>\n<p>The transaction and verification process took seven minutes. Conventional international bank transfers typically take three to four hours, according to the company.<\/p>\n<p>Hyundai Card, the payments arm of automotive giant Hyundai Motor Group, said the initiative marks the first time a South Korean credit card company has completed a real-world corporate remittance using digital <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>.<\/p>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Stablecoin<\/a> issuer Tether, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> network Avalanche, and digital payments infrastructure provider Axiym partnered with Hyundai Card for the pilot.<\/p>\n<p>To clear regulatory hurdles, Hyundai Card worked with Hyundai Motor to audit accounting, tax, legal, and internal compliance frameworks across both international offices before executing the trade.<\/p>\n<p>\u201cThis pilot is significant because it shows that we have moved beyond a simple technical test and completed preparations for potential real-world adoption,\u201d a Hyundai Card official said in a statement.<\/p>\n<p>A second phase of testing is scheduled to begin later this month, involving European subsidiaries of Hyundai Motor. That test will expand the network to include <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> issuer Circle and payments giant Visa.<\/p>\n<p>The upcoming European pilot will also move beyond dollar-to-dollar transactions into local fiat currencies to better measure potential savings on <a href=\"https:\/\/news.bitcoin.com\/bank-of-ghana-orders-banks-to-halt-crypto-dollar-wallets-as-enforcement-risks-rise\/\">foreign exchange<\/a> fees and currency conversion costs.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hyundai-card-turns-20000-stablecoin-test-into-real-world-remittance-as-europe-trial-draws-closer\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test. Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry. A second pilot launches later this month with Circle and Visa to test local [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":75168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75167"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75167"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75168"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}