Hyundai cuts cross-border transfer times 96% in Axiym-Avalanche pilot

Hyundai is expanding its onchain payments work on Avalanche, using Axiym Finance to connect its existing payment systems to USDT — converting dollars into stablecoins — and cutting cross-border transfer times by over 96% in a pilot. Axiym's Farhad Rassul detailed the firm's role bridging Hyundai's systems into stablecoins on the network. Separately, a cross-border transfer demoed at Avalanche Summit NYC moved USD from the US to Mexico in under 7 minutes, with Hyundai's Justin Kim breaking it down in a session covered by CoinDesk.

• Hyundai is studying the next phase: internal compliance, controls, reconciliation, and settlement both during and outside banking hours, and how near-instant settlement can reduce idle liquidity.
• Heejung Nam, Head of Payments & BD, said the economics only hold once the model is proven at scale: "We have to prove the entire operation model works at scale. What happens if we can scale up? Then the economic model works."