Lloyds and Visa Speed Up Cross-Border Payments With Stablecoin Settlement

T2Covered by 1 source · first reported by PYMNTS at 30 Sept, 20:00 UTC

Lloyds Banking Group and Visa completed a seven-day live pilot that tested cross-border settlement using stablecoins, Lloyds said in a Wednesday (Sept. 30) press release. During the pilot, through a series of real-world transactions, Lloyds used stablecoins to settle $750,000 of payment obligations…