According to details provided by Tether, the test transaction involved Hyundai Motor America converting corporate funds into USDT, transferring the digital asset across the border to Hyundai Motor Mexico, and subsequently converting the stablecoin back into traditional US dollars. The entire end-to-end transfer and verification process took roughly seven minutes. This performance stands in sharp contrast to traditional cross-border bank transfers, which typically require anywhere from three to four hours—and often significantly longer depending on correspondent banking networks, time zones, and compliance bottlenecks.
The pilot infrastructure relied heavily on specialized fintech architecture, utilizing Axiym’s settlement infrastructure to execute the transfer smoothly. Meanwhile, Hyundai Card played a critical role by designing the overarching remittance structure and supervising the rigorous regulatory, compliance, accounting, and operational requirements necessary to support the proof of concept.
Rather than disrupting existing financial frameworks, the pilot was deliberately engineered to evaluate whether stablecoin-based settlement mechanisms could be integrated seamlessly into current corporate treasury operations without forcing companies to alter their established governance, compliance, or accounting protocols. Building on the success of this initial trial, the companies are now preparing for a subsequent phase that will expand testing to additional payment corridors and local currency settlements as they continue to evaluate broader enterprise treasury workflows and long-term viability.
Corporate treasury emerges as key stablecoin use case
Corporate treasury has rapidly emerged as one of the most vital and fast-growing focus areas for stablecoin issuers and blockchain infrastructure providers. Financial technology firms are increasingly rolling out sophisticated products specifically designed to support international B2B payments, real-time liquidity management, and complex intercompany settlements.
The momentum in this sector has accelerated through major technological integrations. In April, prominent treasury management software provider Kyriba partnered with Circle to integrate the USDC stablecoin directly into its enterprise treasury platform. This collaboration was designed to empower corporate treasury teams to manage stablecoin balances side-by-side with traditional cash positions. Furthermore, the integration allows organizations to settle eligible cross-border and intercompany payments in near-real time, while unlocking access to liquidity outside of standard banking hours—all while utilizing pre-existing corporate treasury workflows and internal approval controls.
Market data underscores this broader migration toward digital asset settlement. A comprehensive Bitso Business report published this month revealed that stablecoin transaction volumes processed on its platform surged by an impressive 81% year over year during the first half of 2026. This dramatic growth was driven primarily by surging corporate demand for real-time settlement capabilities, advanced treasury management tools, and efficient cross-border liquidity solutions. Notably, more than 60% of the new business clients onboarded during this period consisted of traditional financial institutions, including commercial banks and licensed payment service providers.
Business surveys and market research further validate the mounting enterprise adoption of blockchain-based settlement rails. A Paybis report published in June found that approximately 22.5% of surveyed businesses either already utilize stablecoins for international commercial payments or actively plan to integrate them within the next 12 months. Citing extensive research from McKinsey, the report noted that business-to-business transactions accounted for roughly 60% of the estimated $390 billion in total global stablecoin payment volume recorded in 2025.
This enterprise push coincides with robust macro growth across the broader digital asset economy. According to data from DefiLlama, the total market capitalization of the stablecoin sector has climbed to approximately $312.3 billion, representing an increase of roughly 21.5% compared to $257.1 billion a year earlier. Tether’s USDT continues to maintain its dominant position, remaining by far the largest stablecoin globally by total market value as traditional multinational corporations increasingly explore blockchain technology to streamline their financial operations.
