Hyundai Card cuts cross-border payment time by over 96% with Axiym on Avalanche

Moving $20,000 between two subsidiaries of the same company should be quick. With a traditional bank wire, it usually eats most of an afternoon. Hyundai Card, the financial services arm of the Hyundai Motor Group, recently tried a different route. Using Axiym Finance’s infrastructure on the Avalanche blockchain, it cut the transfer time for an intercompany payment by more than 96%. The pilot ran on July 9, 2026. It moved $20,000 in USDT, Tether’s dollar-pegged stablecoin, from Hyundai’s US subsidiary to its Mexican subsidiary. The whole process took roughly seven minutes. A comparable bank wire typically needs three to four hours. Seven minutes versus a few hours Axiym converted dollars into USDT, sent the stablecoin across Avalanche, and handled the move back out of crypto on the other end. The settlement ran on Avalanche’s C-Chain, where Axiym set up the liquidity and settlement framework for the transfer. The pilot included four parties: Hyundai Card, Tether, Avalanche, and Axiym. The research findings describe it as the first public use of a production-ready stablecoin treasury settlement by a major South Korean conglomerate on Avalanche. A recent Avalanche update pointed to th...