Hyundai completed a proof-of-concept using Tether's USDT to settle a cross-border treasury transfer between its US and Mexican subsidiaries, highlighting growing enterprise interest in stablecoin-based payments. Hyundai Motor's US and Mexican units completed a pilot cross-border treasury transfer using Tether's USDT stablecoin, settling a $20,000 payment in about seven minutes on the Avalanche blockchain. According to Tether, Hyundai Motor America converted the funds into USDT, transferred the stablecoin to Hyundai Motor Mexico and converted it back into US dollars. The transfer and verification process took about seven minutes, compared with three to four hours or more for a traditional cross-border bank transfer. Tether said the pilot used Axiym's settlement infrastructure, while Hyundai Card designed the remittance structure and oversaw the regulatory, compliance, accounting and operational requirements needed to support the proof of concept. Read more
Canada have already made World Cup history, while Mexico and the USA are also on course to beat their best-ever runs in the tournament as home advantage has paid dividends. AFP Sports looks at how all three co-hosts have thrived while others have struggled with the sprawling tournament spread over three countries and 17 cities. Mexico Swept along by fanatical support in the stadiums and the streets, Mexico have already ended a 40-year wait to win a knockout game by beating Ecuador to make the last 16. El Tri are confident of eliminating England in what could be a World Cup classic on Sunday. Javier Aguirre’s side made the most of a kind group-stage draw to ease past South Africa, South Korea and the Czech Republic. But the first-half destruction of Ecuador, who beat Germany in the group stages and finished second to Argentina in South American qualifying, served as a warning to England. Winger Julian Quinones has been Mexico’s breakout star with three goals in four games, while veteran striker Raul Jimenez br...
Mexico ignited their World Cup party with a dominant 2-0 victory over nine-man South Africa on Thursday as the biggest ever edition of the global footballing showpiece kicked off at Mexico City’s iconic Estadio Azteca. Julian Quinones scored the opening goal of the tournament, and veteran striker Raul Jimenez added a second as the co-hosts’ bid for qualification from Group A got off to a smooth start. South Africa, meanwhile, never looked like they were spoiling the opening day fiesta, and finished with only nine men after Sphephelo Sithole and Themba Zwane were sent off. The Mexican-colored red, green and white smoke from pre-game fireworks had barely dissipated before Quinones fired the hosts into the lead on nine minutes, drilling a low shot through the legs of South Africa’s goalkeeper and captain Ronwen Williams. Mexico’s Raul Jimenez scores a goal during the 2026 World Cup Group A football match between Mexico and South Africa at the Estadio Azteca stadium in Mexico City on June 11, 2026. — AFP A deafen...