Axiym’s stablecoin payments on Avalanche surpassed $2 billion cumulatively, while a separate Hyundai pilot moved $20,000 between affiliates in about seven minutes, compared with a three-to-four-hour interbank benchmark.
Axiym’s third-quarter 2026 payment volume was $529 million, 4.4 times the year-earlier quarter’s figure. The $2 billion figure represents cumulative volume, while the 4.4-times comparison applies to quarterly activity.
The corporate test involved Hyundai Motor America and Hyundai Motor Mexico, not a consumer card payment. Dollars were exchanged for Tether (USDT) for the transfer over Avalanche, then converted back into dollars in Mexico. Transfer and verification took seven minutes on average.
Hyundai Card designed the remittance workflow and coordinated reviews covering regulatory, accounting, tax, legal and internal-control matters. A planned follow-up proof of concept would involve Hyundai entities in Europe and use local currencies to examine foreign-exchange costs. Circle and Visa are among the partners.
