Lloyds Completes First Stablecoin Settlement Pilot with Visa Using USDC

TLDR: Lloyds used USDC bought through Archax to settle $750,000 in obligations with Visa over seven days. Funds reached Visa in under an hour, including over the weekend, versus a day or more traditionally.  Lloyds used its own Canton node while Visa supported settlement on a separate public blockchain.  The pilot was booked through Lloyds’ [...]

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