Hyundai Motor’s US and Mexican models accomplished a pilot cross-border treasury switch utilizing Tether’s USDT stablecoin, settling a $20,000 fee in about seven minutes on the Avalanche blockchain.
In response to Tether, Hyundai Motor America transformed the funds into USDT, transferred the stablecoin to Hyundai Motor Mexico and transformed it again into US {dollars}. The switch and verification course of took about seven minutes, in contrast with three to 4 hours or extra for a conventional cross-border financial institution switch.
Tether mentioned the pilot used Axiym’s settlement infrastructure, whereas Hyundai Card designed the remittance construction and oversaw the regulatory, compliance, accounting and operational necessities wanted to assist the proof of idea.
The pilot was designed to guage whether or not stablecoin-based settlement may very well be built-in into current company treasury operations with out altering governance, compliance or accounting processes. The following section will develop testing to further fee corridors and native foreign money settlements as the businesses consider broader enterprise treasury workflows.
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Company treasury emerges as key stablecoin use case
Company treasury has develop into an more and more vital focus for stablecoin firms, with companies rolling out merchandise designed to assist cross-border funds, liquidity administration and intercompany settlement.
In April, treasury administration software program supplier Kyriba partnered with Circle to combine the USDC stablecoin into its enterprise treasury platform. The collaboration permits treasury groups to handle stablecoin balances alongside money positions, settle eligible cross-border and intercompany funds in near-real time, and entry liquidity outdoors conventional banking hours utilizing current treasury workflows and approval controls.
A Bitso Enterprise report revealed this month discovered stablecoin transaction volumes processed on its platform elevated 81% yr over yr within the first half of 2026, pushed by demand for real-time settlement, treasury administration and cross-border liquidity options. Greater than 60% of latest enterprise purchasers onboarded in the course of the interval had been monetary establishments, together with banks and licensed fee suppliers.
Enterprise surveys additionally level to rising enterprise adoption. A June Paybis report discovered that 22.5% of surveyed companies already use stablecoins for worldwide funds or plan to inside the subsequent 12 months. Citing McKinsey analysis, the report mentioned business-to-business transactions accounted for roughly 60% of the estimated $390 billion in world stablecoin fee quantity in 2025.
The enterprise push comes because the stablecoin market continues to develop. Whole stablecoin market capitalization has climbed to about $312.3 billion, up roughly 21.5% from $257.1 billion a yr earlier, in keeping with DefiLlama, with Tether’s USDT remaining the biggest stablecoin by market worth.
Supply: Defillama
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