Hyundai Card, Hyundai Motor complete stablecoin remittance PoC for US, Mexico units

Hyundai Card and Hyundai Motor have completed a Proof of Concept (PoC) for remittances between the automaker's U.S. and Mexico subsidiaries using stablecoins, The Asia Business Daily reported today. The companies plan to conduct a subsequent PoC between Hyundai Motor's European subsidiaries. The recent test involved stablecoin issuer Tether, Avalanche, and blockchain payment infrastructure firm Axiym, in addition to Hyundai Card and the Hyundai Motor subsidiaries.