Lloyds Uses USDC to Settle $750,000 with Visa in Under an Hour

Lloyds uses USDC to settle $750,000 with Visa in under an hour

Lloyds Banking Group and Visa have completed a seven day live stablecoin pilot that settled $750,000 in cross border payment obligations, with funds reaching Visa in under an hour even during the weekend. According to Lloyds Banking Group, the trial…

Visa & Lloyds test stablecoin settlement for USD $750,000

The seven-day test suggests stablecoins could cut cross-border settlement delays, with funds reaching Visa in under an hour, even over a weekend.

Lloyds Sends Visa $750K in USDC While Banks Are Closed

Lloyds Banking Group used USDC to settle $750,000 in live payment obligations with Visa during a seven-day trial, with funds reaching Visa in under an hour, even over the weekend. The test was the first stablecoin settlement trial between Visa and a major U.K. banking group and crossed both private and public blockchain environments. Lloyds […]

Lloyds and Visa Complete Landmark Seven-Day Stablecoin Settlement Pilot Worth $750K

TL;DR Stablecoin Pilot: Lloyds and Visa completed a seven-day live pilot that settled $750,000 in payment obligations using USDC, testing stablecoin settlement between a major UK banking group and Visa. Faster Settlement: Funds reached Visa in under an hour, including during weekends, highlighting how blockchain-based settlement could reduce delays. Multi-Chain Test: The trial used Lloyds’ ...

UK's largest retail bank Lloyds, Visa complete live stablecoin settlement pilot

The pilot's success suggests stablecoins could revolutionize cross-border settlements, enhancing speed, liquidity, and financial interoperability.

Why Lloyds and Visa are the latest to test stablecoins for global settlement

Lloyds and Visa are the latest traditional finance firms to test stablecoins for cross-border settlement as digital currencies continue to uncover use cases to perform interoperably.  UK bank Lloyds and Visa have found use cases in how stablecoins can be used for cross-border settlement in under an hour.  Lloyds and Visa announced they completed a […]