Lloyds Banking Group settled $750,000 of payment obligations with Visa using USDC in a seven-day live pilot, the companies announced Sept. 30, testing cross-border settlement outside banking hours. The U.S. dollar obligations were booked through Lloyds' Corporate Markets branch in Jersey and... Read the full story at The Defiant
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Lloyds and Visa Settle $750,000 in USDC in Cross-Border Pilot
The seven-day test sent funds from Jersey to the US in under an hour, including over the weekend, with Lloyds using Canton and Visa a separate blockchain.
