Lloyds Sends Visa $750K in USDC While Banks Are Closed
Lloyds Banking Group used USDC to settle $750,000 in live payment obligations with Visa during a seven-day trial, with funds reaching Visa in under an hour, even over the weekend. The test was the first stablecoin settlement trial between Visa and a major U.K. banking group and crossed both private and public blockchain environments. Lloyds […]
Key Takeaways
- Lloyds Banking Group used USDC to settle $750,000 in live payment obligations with Visa during a seven-day trial, with funds reaching Visa in under an hour, even over the weekend.
- The test was the first stablecoin settlement trial between Visa and a major U.K.
- banking group and crossed both private and public blockchain environments.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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