October 1st 2026, 11:13 AM
Lloyds and Visa Secure Cross-Border Payments with USDC
Key Summary
Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.
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Pilot Overview
Lloyds and Visa have successfully completed a live cross-border pilot using USDC, settling $750,000 in payment obligations.Pilot Details
The seven-day pilot aimed to test the feasibility of using USDC for cross-border payments.Settlement
Lloyds used USDC to settle $750,000 of payment obligations with Visa.Implications
The successful pilot demonstrates the potential for USDC to facilitate cross-border transactions and may pave the way for future adoption in the financial sector.#USDC#Lloyds#Visa#CrossBorderPayments#Stablecoins