[Lloyds Bank and Visa Complete Stablecoin Cross-Border Settlement Pilot: $750,000 Settled in 7 Days, Funds Received in Under 1 Hour] According to a report by Jinse Finance on October 1, Lloyds Banking Group announced on its official website that it has completed a real-time cross-border settlement pilot based on stablecoins in collaboration with Visa. During the 7-day pilot, Lloyds purchased USDC through the UK-regulated exchange Archax and settled $750,000 with Visa. The funds, including transactions over the weekend, were received within 1 hour, whereas traditional processes typically take more than a day. This marks the first stablecoin settlement trial between Visa and a major UK banking group, with settlements processed via Lloyds' Jersey branch and transferred to Visa in the United States. The pilot was conducted simultaneously on the Canton private chain and public chains, verifying cross-chain interoperability. Visa stated that stablecoins can integrate with existing banking infrastructure, offering greater flexibility for institutional settlements.