Lloyds and Visa settle $750,000 in USDC in a live cross-border pilot
Ethereum $2,678▼ −1.87% 24has of Oct 3, 2026, 2:50 AM ET
Lloyds Banking Group and Visa settled $750,000 of live payment obligations between Jersey and the U.S. using USDC, with UK-regulated exchange Archax taking part.
Lloyds ran its side on a Canton Network node; Visa used a public blockchain.
“This has allowed us to move beyond theory,” said Peter Left, Lloyds’ head of digital assets.
Total stablecoin supply sits a little above $300 billion, led by USDT and USDC.