Visa and Lloyds Banking Group said they have completed a real-time cross-border settlement trial built around stablecoin-based payment flows. The experiment focused on back-end processes used by financial institutions to complete payments and reconcile transfers after asset exchanges. According to the report, the test was designed to examine whether settlement using stablecoins can support international transactions with greater speed, transparency, and flexibility. The trial covered settlement worth about 120 million yen and ran over seven days, including the weekend. The item was cited by CoinPost and carried by Techub News as a brief.
Visa and Lloyds Banking Group have completed a real-time experiment using a stablecoin for cross-border settlement, according to Techub News.
The trial focused on back-end processes between financial institutions, specifically the steps used to complete payments and reconcile them after asset exchanges. The companies said the test was intended to explore how stablecoin-based settlement could support faster, more transparent, and more flexible international transactions.
The settlement size in the experiment was about 120 million yen, and the trial was carried out over seven days, including the weekend.
The brief cited CoinPost as the source.
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