Lloyds and Visa Complete $750K USDC Settlement Pilot

Key Facts

1Lloyds Banking Group completed a trial settling $750,000 in payment obligations with Visa using the USDC stablecoin.

2The settlement was completed in under an hour during a weekend while traditional banking systems were closed.

Lloyds Banking Group completed a trial settling $750,000 in payment obligations with Visa using the USDC stablecoin. According to Bitcoin.com, the settlement was finalized in under an hour during a weekend while traditional banking systems were closed, marking the first such pilot between Visa and a major U.K. bank.

The pilot aimed to demonstrate the efficiency of stablecoins for 24/7 real-time settlement across private and public blockchain environments. Regarding market performance, Lloyds (LYG) closed at $5.63 on September 30, 2026, while Visa (V) closed at $359.33 on the same date. In the peer group, Mastercard (MA) closed at $551.47 and American Express (AXP) finished at $304.10 on September 30, 2026.