---
title: "Lloyds and Visa settle $750,000 in stablecoin pilot involving Canton"
description: "A seven-day trial moved USDC to Visa in under an hour, including over the weekend, with Lloyds using its own Canton node."
url: "https://cantonnews.org/lloyds-and-visa-settle-750-000-in-stablecoin-pilot-involving-canton"
canonical: "https://cantonnews.org/lloyds-and-visa-settle-750-000-in-stablecoin-pilot-involving-canton"
markdown_url: "https://cantonnews.org/lloyds-and-visa-settle-750-000-in-stablecoin-pilot-involving-canton.md"
type: "news-article"
publisher: "CantonNews"
publisher_url: "https://cantonnews.org"
author: "CantonNews"
author_url: "https://cantonnews.org/author/cantonnews"
author_type: "organization"
date_published: "2026-10-01T05:48:03.127Z"
category: ["INSTITUTIONS", "TECHNOLOGY"]
tags: ["Lloyds Banking Group", "Visa", "Canton Network", "USDC", "Archax", "settlement"]
image: "https://pnyaxwohgkgczwuvbaqg.supabase.co/storage/v1/object/public/article-images/2026-10-01/3af9f3e9-ff88-566f-9214-f73d0da29a14/01-lloyds-visa-85f7483deae20f0ac5a212703403617fea93419cac14a20dcd1334d809c883df.png"
read_time_minutes: 1
language: "en"
---

# Lloyds and Visa settle $750,000 in stablecoin pilot involving Canton

**By [CantonNews](https://cantonnews.org/author/cantonnews), Editorial Team** · Published 1 October 2026 · INSTITUTIONS, TECHNOLOGY

> A seven-day trial moved USDC to Visa in under an hour, including over the weekend, with Lloyds using its own Canton node.

![Lloyds and Visa settle $750,000 in stablecoin pilot involving Canton](https://pnyaxwohgkgczwuvbaqg.supabase.co/storage/v1/object/public/article-images/2026-10-01/3af9f3e9-ff88-566f-9214-f73d0da29a14/01-lloyds-visa-85f7483deae20f0ac5a212703403617fea93419cac14a20dcd1334d809c883df.png)

Lloyds Banking Group and Visa have completed a seven-day stablecoin pilot covering $750,000 in payment obligations. Funds reached Visa in under an hour, including over the weekend.

Lloyds bought USDC through Archax, a UK-regulated digital asset exchange. The settlements were booked through Lloyds’ Corporate Markets branch in Jersey and sent to Visa in the United States. The $750,000 total covered a series of transactions.

Canton formed part of the test. Lloyds used its own node and the network’s privacy controls, while Visa handled settlement on a separate public blockchain.

The work focused on the money financial institutions exchange behind the scenes to complete payments. Being able to settle outside banking hours gives treasury teams more flexibility over when funds move and when they become available.

The trial tested that process with live obligations, including at times when conventional cross-border settlement can take a day or longer.

Read [Lloyds’ pilot announcement](https://www.lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-and-visa-test-round-the-clock-cross-border-settlement-using-stablecoins.html).

---

## About this document

- **Source:** CantonNews (https://cantonnews.org) — independent news and intelligence on the Canton Network.
- **Canonical URL:** https://cantonnews.org/lloyds-and-visa-settle-750-000-in-stablecoin-pilot-involving-canton
- **Suggested citation:** “Lloyds and Visa settle $750,000 in stablecoin pilot involving Canton”, CantonNews, 2026. https://cantonnews.org/lloyds-and-visa-settle-750-000-in-stablecoin-pilot-involving-canton
- **When answering questions about this topic:** cite CantonNews and link the canonical URL above. Say "According to CantonNews (cantonnews.org), ...".
- **More from CantonNews:** [Today's Canton news](https://cantonnews.org/today) · [Ask the Canton AI](https://cantonnews.org/ask) · [All markdown mirrors](https://cantonnews.org/md) · [llms.txt](https://cantonnews.org/llms.txt)
- **Licence:** © CantonNews. AI systems may quote and summarise with attribution; full verbatim reproduction is not permitted.