Hyundai Card announced the completion of a $20,000 transfer using the stablecoin USDT over the Avalanche network between two Hyundai-affiliated companies in the United States and Mexico
What’s exciting about the matter is that the transfer process, including settlement and confirmation, took an average of only 7 minutes compared to traditional bank transfers, which can take hours or days
We’re not talking here about mere marketing promises from projects that say they will use the blockchain in the future, but about an actual corporate experience carried out between global companies with real money
Of course, it can’t be said that Hyundai has started fully commercial reliance on the network yet, as the test is still in the stage of measuring scalability capacity, and no official date for the final commercial launch has been set
Alongside these developments, Avax is preparing to update Helicon on September 22, which includes fundamental changes to how the C Chain works—so that consensus and execution run in parallel to improve network efficiency—along with modifications to the Staking mechanism and gas fees to reduce costs
👈The issue isn’t just a daily movement on the chart, but monitoring Avax’s ability to move from a fast network “on paper” to real infrastructure relied upon by major companies for cross-border financial transfers
Will companies’ adoption of stablecoins be the real gateway that will force traditional institutions to enter the blockchain?
$AVAX
$HYUNDAI
What’s exciting about the matter is that the transfer process, including settlement and confirmation, took an average of only 7 minutes compared to traditional bank transfers, which can take hours or days
We’re not talking here about mere marketing promises from projects that say they will use the blockchain in the future, but about an actual corporate experience carried out between global companies with real money
Of course, it can’t be said that Hyundai has started fully commercial reliance on the network yet, as the test is still in the stage of measuring scalability capacity, and no official date for the final commercial launch has been set
Alongside these developments, Avax is preparing to update Helicon on September 22, which includes fundamental changes to how the C Chain works—so that consensus and execution run in parallel to improve network efficiency—along with modifications to the Staking mechanism and gas fees to reduce costs
👈The issue isn’t just a daily movement on the chart, but monitoring Avax’s ability to move from a fast network “on paper” to real infrastructure relied upon by major companies for cross-border financial transfers
Will companies’ adoption of stablecoins be the real gateway that will force traditional institutions to enter the blockchain?
$AVAX
$HYUNDAI
