Lloyds Banking Group and Visa completed a seven-day pilot using the USDC stablecoin to settle $750,000 in cross-border payments, with funds reaching Visa in under an hour, including weekends. The trial demonstrated that stablecoins can enable round-the-clock settlement, improving speed and transparency compared to traditional methods that can take a day or more outside banking hours. Lloyds used a UK regulated exchange and its own blockchain node, while Visa settled on a separate public blockchain, showing stablecoins can work across different networks. This pilot is part of ongoing efforts to explore digital money's potential to make international payments faster and more flexible for businesses.
The Lloyds and Visa USDC settlement pilot offers context for readers interested in digital payments and stablecoins. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 01, 2026 13:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable movers include ALGO at Rp2.309 with a 1-day change of +4.62%, EGLD at Rp83.918 up +4.56%, and GRT at Rp534 up +4.48%.
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