Lloyds and Visa settle $750k USDC in under an hour
USDC (USDC)
Editor:
Eugene Serbin
Lloyds Banking Group and Visa completed a seven-day pilot settling $750,000 in cross-border obligations using USDC, as reported by crypto.news. The transaction reached Visa in under an hour, even during weekend hours, contrasting with traditional settlement times that can exceed a day. Lloyds purchased the USDC through the UK-regulated exchange Archax and utilized its own Canton node for the transfer.
Visa supported the settlement on a separate public blockchain, demonstrating that stablecoin settlement can function across different network environments. The trial focused on institutional settlement rather than consumer payments, testing round-the-clock capabilities and improved fund visibility. Peter Left, head of digital assets at Lloyds Banking Group, stated that settling $750,000 of live obligations allowed the bank to move beyond theory into a real-world setting.
He noted that digital money could make international payments faster, more transparent, and more flexible for businesses. Visa’s group country manager for the UK and Ireland, Rob Cameron, added that the pilot shows how stablecoins can work alongside existing banking infrastructure to provide more choice over settlement timing.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 1 October 2026. Not the outlet's figures.
USDC is trading at $1.00 with a 1-hour buy ratio of 49.6% and a 4-hour buy ratio of 48.9%, both slightly above the 24-hour average of 46.3%. This indicates that buying pressure is currently building relative to the broader daily trend. The 1-hour volume delta is -$1,479,572, while the 4-hour delta is -$16,730,597, showing that sellers are currently outweighing buyers in the short term. The 24-hour volume delta stands at -$212,575,123, confirming that net selling has dominated the day so far. A buy ratio below 50% means that more volume is being executed on the sell side than the buy side.
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 average buy ratio was 49.4%, making today’s 24-hour reading of 46.3% a notable decline of 3.1 points. Spot volume for the day was 1.13 times the weekly average, indicating heightened activity despite the net selling pressure. The 24-hour volume delta of -$212,575,123 contributes to a total 8-day volume delta of -$456,681,328. Price has remained stable, changing only +0.1% over the eight-day period. This represents an ordinary day for the coin in terms of price stability, though the volume spike is unusual.