Hyundai Completes First Stablecoin Treasury Transfer on Avalanche for $20,000, Settlement in 7 Minutes on July 9

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According to Avalanche, on July 9, 2026, Hyundai Motor America completed a $20,000 stablecoin transfer to Hyundai Motor Mexico using Tether's USDT on the Avalanche blockchain in approximately seven minutes. The transaction, managed by Hyundai Card, converted U.S. dollars into USDT, transferred the funds on-chain, and converted the assets back into dollars upon receipt.
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