Lloyds and Visa Test $750K USDC Settlement Beyond Banking Hours

Lloyds Banking Group and Visa have completed a seven-day experiment to move $750,000 in live US dollar settlement obligations using USDC, with funds reaching Visa in under an hour, including during the weekend.

The test connected privacy-focused Canton infrastructure with a separate public blockchain environment, addressing a problem institutions face when moving financial activity onchain.

This setup allows participants to control who can access transaction information, providing greater security and compliance for corporate treasury teams.

The pilot covered a series of real-world transactions over seven days, demonstrating the potential benefit of round-the-clock settlement certainty and liquidity availability outside banking hours.