Hyundai is testing stablecoins USDT and USDC for faster internal transfers between its subsidiaries, reducing transfer times from hours to about 7 minutes. The pilot with Tether's USDT showed superior speed and stability compared to traditional bank transfers. Hyundai plans to expand stablecoin use beyond internal transfers to international remittances and payments. USDC currently leads stablecoin transaction volume at 63%, highlighting its growing adoption in global finance.
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
AVAX One Technology regained compliance with NASDAQ's $1 minimum bid price by executing a 1-for-12 reverse stock split effective June 15, clearing the threshold on July 9. The company, holding about 14 million Avalanche (AVAX) tokens and generating o...
Cryptocurrency markets experienced varied price changes, with Bitcoin rising 1.93% to $63,254 and Ethereum up 0.72%. Several altcoins saw significant gains, including DEXE at 12.26% and MORPHO at 8.41%, indicating selective investor interest. Stablec...
Bitwise has updated its Bitwise 10 Crypto Index ETF by removing Polkadot (DOT) and Avalanche (AVAX), replacing them with Hyperliquid (HYPE) and Stellar (XLM). HYPE, now the 10th largest crypto by market cap, faces potential dilution risk due to 78% o...
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
