Lloyds and Visa Settle $750K in USDC in Under an Hour, Including Weekend
- —The seven-day pilot settled $750,000 in live cross-border payment obligations in USDC
- —Funds routed from Lloyds' Jersey branch reached Visa in the US in under an hour
- —Lloyds purchased USDC via Archax and operated its own Canton Network node
- —Visa's stablecoin settlement volume hit a $20 billion annualised run rate, 15x year-on-year
Why it matters: A major UK bank settling with Visa in a stablecoin marks a step toward round-the-clock institutional cross-border payments.
Source: Coinpaprika News
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