Hyundai completes USDT treasury settlement pilot between US and Mexico
Cointelegraph 2026-07-13 16:45:16
Context: Hyundai has completed a pilot project using Tether's USDT stablecoin to settle a cross-border treasury transfer between its US and Mexican subsidiaries. This experiment demonstrates the growing interest of large enterprises in utilizing stablecoin-based payments for international transactions. The pilot project was a proof-of-concept aimed at streamlining treasury settlements.
Key Facts
- Hyundai completed a proof-of-concept using Tether's USDT to settle a cross-border treasury transfer between its US and Mexican subsidiaries.
- The pilot project was a test of stablecoin-based payments for international transactions, highlighting growing enterprise interest in this area.
- The use of USDT allowed for a more efficient settlement process, showcasing the potential for stablecoins to facilitate cross-border transactions.