CoinScoopLloyds and Visa Complete $750,000 USDC Cross-Border Settlement Pilot
Lloyds Banking Group and Visa have successfully completed a cross-border settlement pilot using USDC, transferring approximately $750,000. The seven-day test involved moving funds from Jersey to the United States, with transactions processed in under an hour, including during weekends. The settlement utilized the Canton network and a separate blockchain to facilitate the stablecoin transfer.
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