Lloyds, Visa test stablecoin cross-border settlement in live pilot using USD 750,000 of obligations

Bitget2026/09/30 10:16

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Lloyds Banking Group, Visa completed a seven-day live pilot using stablecoins to settle cross-border payment obligations.
US$ 750,000 of US dollar settlement obligations reached Visa in under an hour, including over the weekend.
Trial tested round-the-clock settlement as an alternative to traditional cross-border processes that can take a day or more outside banking hours.
Lloyds used USDC bought via Archax; transactions were booked through its Corporate Markets branch in Jersey, then transferred to Visa in the US.
Pilot tested interoperability across private Canton and a separate public blockchain, targeting broader use of digital money in settlement operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lloyds Banking Group plc published the original content used to generate this news brief on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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