Lloyds and Visa Complete $750K USDC Settlement Pilot

Lloyds Completes First Stablecoin Settlement Pilot With Visa Using USDC

Lloyds Banking Group and Visa have completed their first live stablecoin settlement pilot, using USDC to settle $750,000 of cross-border payment obligations and testing whether blockchain-based money can reduce delays created by traditional banking hours. The seven-day pilot involved a series of real U.S. dollar settlement obligations rather than a laboratory simulation. Lloyds acquired the USDC through UK-regulated digital-asset exchange Archax…

Lloyds and Visa Complete $750K USDC Settlement Pilot

Reports indicate that Lloyds Banking Group and Visa have completed a cross-border settlement pilot using USDC, the dollar-pegged stablecoin, with the test reportedly valued at $750,000, according to unconfirmed reports circulating as of September 30, 2026.Read more...

Lloyds and Visa Complete $750,000 USDC Cross-Border Pilot

The completed pilot used USD Coin (USDC) to settle a cross-border transaction involving the bank and payments company.

Lloyds and Visa Settle $750,000 in USDC in Cross-Border Pilot

The seven-day test sent funds from Jersey to the US in under an hour, including over the weekend, with Lloyds using Canton and Visa a separate blockchain.

Visa and Lloyds Complete Live USDC Settlement Pilot

Visa and Lloyds Banking Group have completed a live cross-border settlement pilot using USDC acquired through Archax, testing how stablecoins can operate within institutional settlement processes. The pilot focused on settlement rather than the payment initiation process. Through real-world transactions, the companies examined how USDC could be incorporated alongside existing financial infrastructure while assessing potential […]