Lloyds Banking Group and Visa reportedly completed a seven-day pilot that settled $750,000 in US dollar obligations using USDC, a dollar-pegged stablecoin. The trial was reported to have concluded on 30 September 2026 and tested cross-border settlement outside normal banking hours, including weekends, with funds reaching Visa in under one hour. However, the reported figures and operational details remain unverified by official disclosures from either institution. Existing accounts said Lloyds booked the obligations through its Corporate Markets branch in Jersey, bought USDC through Archax, a UK-regulated digital asset exchange, and tested interoperability between the Canton blockchain network and public blockchains. Peter Left, Lloyds’ Head of Digital Assets, was previously cited as saying the approach could improve corporate clients’ liquidity visibility and operational flexibility. The reported test would represent the first stablecoin settlement effort between Visa and a major UK banking group, extending Visa’s US-focused USDC initiatives, which have operated since 2025, to the UK and a cross-border setting. Even if confirmed, the $750,000 pilot would demonstrate a scoped settlement exercise rather than a commercial product launch, regulatory clearance or broad availability. The specific blockchain network, transaction identifiers, settlement rails and confirmed operational outcomes have not been supplied by a verified primary source.