Chainlink launched Project Pangea with European and South Korean banks to enable instant cross-border FX settlement via stablecoins
Chainlink has partnered with banking consortiums in Europe and South Korea to launch Project Pangea, a working group dedicated to enabling same-day, real-time settlement of cross-border FX transactions. The initiative aims to allow instant currency swaps between regulated euro and Korean won stablecoins, leveraging advanced blockchain and messaging technologies to transform the way international payments are processed.