Chainlink joins 47 European and South Korean banks in Project Pangea to enable T+0 cross-border FX settlements using regulated stablecoins across a $150B

The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.

Project Pangea could revolutionize global finance by enhancing cross-border transactions, reducing risks, and integrating blockchain with existing systems.

Chainlink has joined European and South Korean banking groups to explore stablecoin-powered foreign exchange settlement through Project Pangea.

Chainlink joins 47 European and South Korean banks in Project Pangea to enable T+0 cross-border FX settlements using regulated stablecoins across a $150B

Chainlink, 37 European banks, and Korean lenders launch Project Pangea to settle FX trades instantly using stablecoins.