[Hyundai Motor Completes Enterprise-Level USDT Cross-Border Settlement Pilot, Achieves Cross-Border Fund Transfer in 7 Minutes] BlockBeats News, July 13, Tether announced that Hyundai Motor America and Hyundai Motor Mexico have completed an enterprise-level cross-border settlement proof of concept (POC) via Axiym on the Avalanche network, marking Tether's first corporate cross-border fund settlement pilot case. In this pilot, Hyundai Motor America converted $20,000 into USDT, transferred it cross-border to Hyundai Motor Mexico, and then converted it back into USD. The entire cross-border transfer and verification process took an average of only 7 minutes, significantly faster compared to traditional bank cross-border remittances, which typically require over 3 to 4 hours. Tether stated that this pilot demonstrates the potential applications of stablecoins in corporate cross-border payments, fund management, and global fund allocation. In the next phase, the project will explore more cross-border payment channels and local currency settlement scenarios to further evaluate the application of stablecoins in corporate treasury management. [Original Link]