Blockchain
Lloyds and Visa Settle $750,000 in USDC in Cross-Border Pilot
Publication: The Defiant
Author: The Defiant Team
Source published: 30/09/2026, 17:54:48 UTC
Briefing created: 30/09/2026, 23:05:07 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 30/09/2026, 17:57:25 UTC.
Briefings
Lloyds Banking Group and Visa completed a seven-day live pilot on September 30, 2026, settling $750,000 in USDC payment obligations. The transaction occurred outside standard banking hours, utilizing Lloyds' Corporate Markets branch in Jersey to book the U.S. dollar obligations. This event represents a significant cross-border settlement initiative between the two entities.
Key points
- Lloyds Banking Group and Visa successfully settled $750,000 in USDC payment obligations during a seven-day live pilot.
- The cross-border settlement took place outside standard banking hours using Lloyds' Corporate Markets branch in Jersey.
Context and limitations
The evidence covers only the specific July 2026 pilot transaction; broader historical context or future outcomes are not included.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 30/09/2026, 23:05:07 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
View archived briefing on IPFS
bafybeid4nfoawwaqacfsylpf5yrxsdsb5jqz5xlzdbtlbt7nqkbghrosoy