On September 30, Lloyds Banking Group (NYSE: LYG, hereafter referred to as Lloyds), a major UK financial services group, announced the completion of a live trial of cross-border payments using stablecoins in collaboration with payment giant Visa.
This trial focused on the backend processes involved in executing real transactions, where financial institutions exchange assets to complete and reconcile payments. It was explained that the stablecoin-based payments could support faster, more transparent, and flexible international transactions...
