The post Hyundai’s ‘real world adoption of USDT’ cut transfers to 7 minutes: Details appeared on BitcoinEthereumNews.com.
South Korean automaker Hyundai is doubling down on stablecoins for internal transfers between its subsidiaries. During its testing stage, the automaker saw faster transfers between U.S and Mexico subsidiaries. Instead of the typical 4 hours or more for traditional interbank transfer methods, the firm said it took about 7 minutes to transfer Tether’s USDT between its two offices. Commenting on the test, Hyundai hailed stablecoin transfers as offering “overwhelming speed and superior stability” to conventional methods. The pilot involved Hyundai Motors Group-owned credit card firm Hyundai Card, Avalanche, Tether and payment integrator Axiym. Source: Hyundai For his part, Paolo Ardoino, Tether CEO, billed the move as an impressive “real world adoption of USDT.” Bo Hines, CEO of Tether U.S., scored the Hyundai move as “what the future of finance looks like.” At the en
The post Hyundai Motor Tests USDT Transfers On Avalanche, Reduces Settlement From Hours To 7 Minutes appeared on BitcoinEthereumNews.com.
A $20,000 treasury transfer between a US entity and its Mexico operations would normally crawl through correspondent banking rails for several hours. Hyundai Motor, South Korea’s largest automaker, just did it in about seven minutes—using Tether’s USDT on Avalanche. According to the original report, the company completed the first stablecoin-powered internal cross-border payment among major Korean enterprises. The pilot is more than a speed trick. It is a controlled experiment that replaces SWIFT messages, intermediary bank fees, and float time with a direct on-chain settlement that settles immediately and costs dramatically less. For a multinational manufacturer with complex supply chains and cash pools in multiple jurisdictions, moving treasury operations onto stablecoins could remove friction that has been built into the global dollar system for d
The post Stablecoins May Improve FX Access but Worsen Currency Runs: IMF appeared on BitcoinEthereumNews.com.
Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International Monetary Fund (IMF). The findings come from a working paper by economist Brandon Joel Tan. Titled “Stablecoins and Fragility in Fixed Exchange Rate Regimes,” the paper modeled how stablecoins affect parallel foreign-exchange (FX) markets when official dollar access is rationed. The findings highlight that stablecoins can help people get access to dollars when banks or official exchange channels cannot meet demand. However, during a currency crisis, the same widely watched stablecoin price could prompt many people to abandon the local currency simultaneously, suggesting that regulators may need temporary limits on un
The post Crypto News: Bitwise Reports Crypto’s Longest Losing Streak Since 2022 appeared on BitcoinEthereumNews.com.
Key Insights: Bitwise records the highest losing streak since 2022 as crypto news reports a third straight quarterly decline. Stablecoins settled 2.3x Visa volume as tokenized assets climbed to $32.89 billion. Prediction markets hit $43.2B while crypto prices extended a third straight quarterly decline. Crypto news took another bearish turn after Bitwise reported that the digital asset market recorded its third consecutive quarter of negative returns. The company said this marks the longest losing streak since 2022, even as several blockchain activity indicators continued to expand. Its latest quarterly data recorded weaker prices across large-cap assets, record Bitcoin ETF outflows, and slower activity in several market segments. At the same time, stablecoins, tokenized real-world assets, prediction markets, and selected crypto businesses continued posting high growth,
The post Stablecoin Giant Tether Shifts Bitcoin Strategy with Recent Binance Transfer appeared on BitcoinEthereumNews.com.
Tether, the firm responsible for the leading stablecoin USDT, made waves by transferring four Bitcoin (BTC), valued at around $250,000, from its reserves to Binance. This move, highlighted by an EmberCN analysis, suggests a potential shift in Tether’s usual practice of regularly acquiring Bitcoin with a slice of its earnings. Continue Reading:Stablecoin Giant Tether Shifts Bitcoin Strategy with Recent Binance Transfer Source: https://en.bitcoinhaber.net/stablecoin-giant-tether-shifts-bitcoin-strategy-with-recent-binance-transfer
The post Tether reserve wallet sends 4 BTC to Binance as Q2 buying stalls appeared on BitcoinEthereumNews.com.
Tether transferred 4 BTC worth about $250,000 from a wallet to Binance, which may point to an end to Tether’s BTC acquisitions, EmberCN said in a report on Saturday. Tether 用每季度利润的 15% 买 BTC 的那个储备地址，5 小时前测试性往 Binance 充值了 4 枚 BTC ($25 万)。https://t.co/bsvlUfw4Gt 这是要？他们在一个月前向 Bitfinex 转移过 204.3 枚 BTC ($1436 万)，当时 BTC 价格在 $7 万。 卖没卖不太确定，但他们现在好像没在继续买 BTC… https://t.co/sTAJ3NElxG pic.twitter.com/uZ5WiaheHh — 余烬 (@EmberCN) July 11, 2026 The on-chain analytics firm, which observes large wallets on X, described the transaction as a “test” deposit. EmberCN noted that the recent transactions indicate that Tether “now doesn’t seem to be continuing to buy BTC.” However, the analyst stopped short of indicating that any coins were sold, claiming that the information does not specify whether a sale indeed occurred. The particular wallet is the one belonging to Tether where there is a transfer
The post Hyundai Completes First USDT Transfer on Avalanche in Treasury Breakthrough appeared on BitcoinEthereumNews.com.
Hyundai completes a $20K USDT transfer on Avalanche, settling between U.S. and Mexico units in about seven minutes. Hyundai Motor has completed a $20,000 USDT transfer between its United States and Mexico units. The pilot used Avalanche for faster internal treasury settlement. The transaction settled in about seven minutes, according to the reported company update. Traditional interbank transfers for similar flows can take three to four hours. Hyundai Card ran the pilot with Tether, Ava Labs, and payments firm Axiym. The transfer was designed as a real intercompany settlement test. Hyundai now plans to expand the mechanism to more countries and local currencies. A second European pilot is expected later this month with Circle and Visa. Hyundai Tests USDT Treasury Transfer on Avalanche Hyundai Motor became South Korea’s first major company to use blockchain for inter
Hyundai completes a $20K USDT transfer on Avalanche, settling between U.S. and Mexico units in about seven minutes. Hyundai Motor has completed a $20,000 USDT transfer between its United States and Mexico units. The pilot used Avalanche for faster internal treasury settlement. The transaction settled in about seven minutes, according to the reported company update. […]
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