Hyundai adopts stablecoins for cross-border transfers

[fullfitlarry]

https://x.com/CoinDesk/status/2075606897005146580

I guess this could be the start of a trend, although we love to see Bitcoin being accepted like what Tesla and Musk did, before suddenly made a U-turn and stop.

But now, it could be that stablecoins could be the one for now. So I guess there is nothing wrong with that. And maybe Hyundai in the future will accept it as payment not just internal transfers.

What are your thoughts? Will Hyundai or any other big business will accept crypto or stablecoins as payment schemes?

[TastyChillySauce00]

Yep, this could be a start of a trend. If they are seeing good thing coming out of it, it will cause other companies in South Korea to do the same.
South Korean companies have actually been trying to adopt crypto for quite some time, other South Korean company Samsung has even go out of their way to create their own crypto wallet which shows their commitment.

[Charles-Tim]

Rubbish. Not your post, but what Hyundai did.

Fiat can easily be transfer within the country, so why stable coins? Bitcoin should have been what they supposed to accept for the payment or at least bitcoin supposed to be among.

Stable coins can be good for the international payment, but bitcoin supposed to be the first that needs to be accepted for both within the country and internationally.

[m2017]

https://x.com/CoinDesk/status/2075606897005146580

It should be noted that the USDT was used, the transaction of which was carried out between divisions of Hyundai in 2 countries (USA and Mexico).

I guess this could be the start of a trend, although we love to see Bitcoin being accepted like what Tesla and Musk did, before suddenly made a U-turn and stop.

Trends change. Stablecoins are all the rage now.

But now, it could be that stablecoins could be the one for now. So I guess there is nothing wrong with that. And maybe Hyundai in the future will accept it as payment not just internal transfers.

It depends entirely on the regulator. Any company, even one as big as Hyundai, is subject to them and can't simply make bitcoin USDT a means of purchasing their cars.

What are your thoughts? Will Hyundai or any other big business will accept crypto or stablecoins as payment schemes?

Only with regulator approval. Until then, crypto-enthusiasts can only dream (about purchasing a new car directly from the manufacturer for crypto).

[asriloni]

Believe me or not. Stable coin will replace any services that claimed to provide an alternative transactions for btc. The trend of stable coin is growing so much, and it will be much bigger than this time.

The reason is that alts has failed to deliver what the value of token. They mostly being used for the speculation vehicle and no more. So basically stable coin is filling this gap. That's why it's growing so fast like this.

So more business will be normalizing to use stable coin for the transaction purpose. We're still in the early of stable coin adoption.