Key Highlights: Lloyds and Visa tested stablecoin settlement for cross-border payments operating around the clock. The pilot connected Lloyds’ private Canton network with a separate public blockchain used by Visa. The test examined how digital money could improve payment speed, transparency, flexibility and liquidity management. Lloyds and Visa Test Stablecoin Settlement Across Blockchain Networks Lloyds ...
Key Highlights SoFi becomes the first nationally chartered U.S. bank to settle debit and credit card transactions via blockchain on Mastercard’s global network, processing an estimated $25 billion annually through its SoFiUSD stablecoin. SoFiUSD is backed primarily by cash reserves, redeemable 1:1 for U.S. dollars, and overseen by the Office of the Comptroller of the ...
UK Advances Tokenization From Pilots to Permanent Financial Infrastructure The United Kingdom is shifting tokenized markets from experimental pilots toward permanent financial infrastructure. In May, the Financial Conduct Authority (FCA) and the Bank of England issued a call for input that attracted 123 submissions, signaling strong industry engagement. Major financial institutions including HSBC, Euroclear, and ...