Modern credit card and Hyundai Motor complete the concept verification of cross-border remittance based on stablecoins

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According to the Asian Business Daily, Hyundai Credit Card and Hyundai Motor have completed the concept verification of cross-border remittance from the United States to Mexico based on stablecoins. Hyundai Motor's US legal representative converted 20000 US dollars into USDT and remitted it to the Mexican legal representative, which took 7 minutes. The participants include Hyundai Credit Card, Hyundai Motor's US and Mexican legal representatives, Tether, Avalanche, and Axiym. The second round of testing for European business involving Circle and Visa is planned to be launched at the end of this month.

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