Hyundai Taps Blockchain for Global Treasury Overhaul

HYUNDAI is modernizing its global treasury operations by tapping into Avalanche's blockchain technology and using USDT, a stablecoin. This move aims to improve the efficiency of the company's financial transactions and reduce costs.

The partnership between Hyundai and Avalanche will utilize the latter's platform to facilitate fast and secure cross-border payments. USDT, pegged to the value of the US dollar, will be used as a settlement currency.