Lloyds and Visa Complete $750,000 USDC Settlement Pilot

Lloyds Banking Group and Visa concluded a seven-day pilot on September 30, 2026, settling $750,000 in US dollar payment obligations using the stablecoin USDC. The trial aimed to address the limitations of traditional banking hours by enabling cross-border settlement on weekends. Lloyds sourced the USDC through the UK-regulated exchange Archax, ensuring compliance, and utilized the Canton blockchain network for the transactions.