Lloyds and Visa have successfully completed a pioneering pilot program that tested cross-border payments with USDC, concluding on September 30. The initiative saw transactions totaling $750,000 carried out within a week, marking a significant first for collaboration between Visa and a major UK banking institution. During the pilot, funds were efficiently transferred from the UK to the US, with most transactions being finalized in under an hour, even on weekends. Lloyds procured USDC through Archax and operated its own node on the Canton network, while Visa managed the transactions via a public blockchain.