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Home›Crypto›Stablecoins›Lloyds and Visa complete cross-border USDC pilot under…

Lloyds and Visa complete cross-border USDC pilot under an hour

A seven-day test moved USDC from Jersey to the US in under an hour, including over the weekend.

Reported · Written up by our desk · Stablecoins

Lloyds and Visa completed a seven-day cross-border pilot using USDC, sending funds from Jersey to the United States in under an hour.

The pilot included transfers over the weekend, and Lloyds used Canton while Visa used a separate blockchain.

The Defiant said the trial demonstrated USDC settlement speed across the route during the one-week test period.

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Sources

The DefiantLloyds and Visa Settle $750,000 in USDC in Cross-Border Pilot

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