Hyundai Card plans to scale up its strategy for utilizing stablecoins after a successful pilot project conducted in June on the Avalanche network. During this trial, the financial arm of Hyundai Motor Group tested a cross-border transaction of $20,000 from the United States to Mexico using stablecoins.
The transaction was completed in approximately seven minutes, a significant improvement over the typical processing time of three to four hours. The company now aims to explore this operational model on a larger scale to verify its economic viability.