Hyundai has successfully completed a proof-of-concept to use Tether's USDT stablecoin for settling a cross-border treasury transfer between its subsidiaries in the United States and Mexico, according to CoinTelegraph.
This move highlights the growing interest among multinational corporations in leveraging blockchain-based stablecoins to streamline international financial operations and reduce reliance on traditional banking channels.
For Japanese investors and companies, Hyundai’s experiment signals potential future applications of crypto assets in cross-border payments, an area where efficiency and cost savings remain critical in FX and treasury management.