Wu Blockchain has learned that Lloyds Banking Group, one of the largest retail banking groups in the UK, has completed its first stablecoin settlement pilot with Visa. During the 7-day test, Lloyds used USDC purchased through the UK-regulated digital asset exchange Archax to settle $750,000 in Visa payment obligations. The funds reached Visa within an hour, including during the weekend. The pilot also tested settlement between private and public blockchains: Lloyds used its Canton Network node, while Visa supported settlement on another public blockchain to verify cross-chain interoperability. https://www.(wublock123.com)/news/lloyds-visa-stablecoin-settlement-pilot-750k-in-7-days-69348