South Korea's Hyundai Card has wrapped up its first proof-of-concept exploring stablecoin payments, working with the Avalanche blockchain and Tether's USDT. The pilot marks an early step by a major Korean financial services firm toward integrating stablecoins into real-world payment infrastructure, testing how the technology could function within existing card networks. Building on that initial trial, the company plans a second proof-of-concept later this month, this time bringing in payments giant Visa and stablecoin issuer Circle, which operates USDC. The involvement of established payment and stablecoin providers signals growing institutional interest in blending traditional card systems with blockchain-based settlement. The successive pilots reflect broader momentum in the stablecoin sector, as financial firms and networks experiment with digital-dollar tokens for faster, potentially cheaper transactions. Details on the scope and results of the completed pilot were not fully disclosed.
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