Hyundai Tests USDT Stablecoin Treasury Transfers
BITmarkets Team
Jul 14, 2026
According to Tether, Hyundai Motor America converted US dollars into USDT, transferred the stablecoin to Hyundai Motor Mexico, where it was converted back into US dollars. The entire transfer and verification process took around seven minutes, significantly faster than the typical three to four hours or longer required for traditional international bank transfers.
The pilot leveraged Axiym’s settlement infrastructure, while Hyundai Card developed the remittance framework and managed the regulatory, compliance, accounting and operational requirements necessary for the proof of concept.
Stablecoins target corporate treasury operations
The pilot was designed to assess whether stablecoin-based settlements could be incorporated into Hyundai’s existing treasury operations without requiring changes to governance, compliance or accounting procedures.
Following the successful test, the next phase will expand the initiative to additional payment corridors and local currency settlements as the companies continue evaluating broader enterprise treasury applications.
Enterprise adoption of stablecoins continues to grow
Corporate treasury has become one of the fastest-growing use cases for stablecoins, with businesses increasingly adopting blockchain-based solutions for cross-border payments, liquidity management and intercompany settlements.
Earlier this year, treasury software provider Kyriba partnered with Circle to integrate the USDC stablecoin into its treasury platform, enabling businesses to manage stablecoin balances alongside traditional cash, settle eligible international payments almost instantly and access liquidity beyond standard banking hours.
Industry data also points to rising enterprise adoption. A Bitso Business report published this month found that stablecoin transaction volumes on its platform increased 81% year over year during the first half of 2026, driven by demand for real-time settlement, treasury management and cross-border liquidity. More than 60% of new business customers onboarded during the period were financial institutions, including banks and licensed payment providers.
Additional research highlights the same trend. A June Paybis survey found that 22.5% of businesses already use stablecoins for international payments or expect to do so within the next 12 months. Citing McKinsey research, the report noted that business-to-business transactions represented roughly 60% of the estimated $390 billion in global stablecoin payment volume during 2025.
Meanwhile, the stablecoin market continues to expand, with total market capitalization reaching approximately $312.3 billion, up around 21.5% from a year earlier, according to DefiLlama. Tether’s USDT remains the largest stablecoin by market capitalization.
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