Lloyds and Visa Complete Cross-Border USDC Settlement Pilot

Lloyds and Visa successfully concluded a seven-day pilot program on September 30, 2026, involving $750,000 in cross-border settlements using USDC. The test, which marked Visa's first such collaboration with a major British banking group, involved transferring funds from the U.K. to the U.S. Transactions were completed in under an hour, including during weekends, utilizing the Canton network and public blockchain infrastructure.