The initiative builds on a broader shift by companies exploring stablecoins to move money between international operations more efficiently. Hyundai became the first major South Korean company to use the Avalanche for live cross-border treasury transfers. In its first phase, Hyundai transferred $20,000 from its U.S. unit to its Mexico unit using USDT, cutting transfer times to about seven minutes from the usual three to four hours via traditional banking. The carmaker plans to expand the projec…
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