First reported by IT Brief UK
Hyundai tests stablecoin remittance between US & Mexico
Hyundai Card tests stablecoin transfer for Hyundai Motor units
The Korea Herald4h ago
From the article
Hyundai Card, the card and payments unit of Hyundai Motor Group, said Thursday it has verified stablecoin-based cross-border transfers between Hyundai Motor subsidiaries in the US and Mexico. The company said it completed a proof of concept for intercompany transfers using stablecoins between Hyundai Motor America and Hyundai Motor Mexico. The test involved Hyundai Motor America converting $20,000 into stablecoins and sending the funds to Hyundai Motor Mexico, where they were converted back into
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