According to Digital Asset, Hyundai Card and Hyundai Motor have completed a proof of concept (PoC) for stablecoin-based remittances between overseas subsidiaries and are ready for actual business application. In the first phase of the PoC, Hyundai Motor America (HMA) converted $20,000 into USDT and remitted it to Hyundai Motor Mexico (HMM), where it was converted back into USD. The entire process took an average of 7 minutes, with Tether and Avalanche involved. Hyundai Card stated that by the end of this month, they will launch the second phase of the PoC for Hyundai Motor’s European subsidiaries, conducting actual remittances in local currencies and verifying cost-saving effects in currency exchange. Circle and Visa will participate in this phase. https://(wublock123.com)/news/modern-card-modern-motors-stablecoin-crossborder-remittance-poc-europe-expansion-64270