Lloyds and Visa Report USDC Settlement Pilot
USDC (USDC)
Editor:
Eugene Serbin
Coincu.com reports that Lloyds Banking Group and Visa have completed a cross-border settlement pilot using USDC. The test involved a transaction valued at $750,000, according to unconfirmed reports circulating on September 30, 2026. No official announcement from either institution has been independently verified by this publication.
The reported size suggests a controlled, scoped test rather than a production-scale deployment. The pilot utilized USDC, a dollar-pegged stablecoin issued by Circle, for the settlement asset. Specific details regarding the blockchain network, transaction identifiers, and timing remain unconfirmed.
This type of interbank settlement typically extinguishes obligations between financial institutions. If confirmed, the pilot would validate the technical mechanics of initiating a blockchain-based transfer. It would not, however, confirm a commercial product launch or regulatory clearance. The figures should be treated as preliminary pending confirmation from primary sources.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 30 September 2026. Not the outlet's figures.
USDC is trading at $1.00 with a 1-hour buy ratio of 49.9% and a 4-hour buy ratio of 48.1%. These short-term figures are slightly higher than the 24-hour buy ratio of 45.7%, indicating that buying pressure is stabilizing after a period of net selling. The 1-hour volume delta is -$443,657, while the 4-hour delta is -$24,819,364, showing that sellers have dominated the recent flow. The 24-hour volume delta stands at -$260,117,227, confirming that selling pressure has been the primary driver of price action over the last day. A buy ratio below 50% means that sell volume exceeds buy volume on Binance spot. The negative volume delta indicates that more USDC has been sold than bought during these periods.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.1%, which is higher than today's 24-hour reading of 45.7%. This represents a 4.3 percentage point drop from the weekly average, suggesting a shift toward net selling. Spot volume for the day was $3,048,582,782, which is 1.18 times the weekly average volume. While volume is elevated, the buy ratio has dipped below the neutral 50% mark seen over the last week. This indicates that today is an unusual day characterized by heavier selling relative to the recent norm. The 8-day volume delta total was -$218,521,014, showing that selling has been a consistent theme over the past week.