Chainlink has joined forces with banking consortia from Europe and South Korea to launch Project Pangea.
Chainlink has become a cornerstone participant in an ambitious banking consortium engineered to accelerate international payment processing through stablecoin-based settlement mechanisms. Concurrently, cryptocurrency market technicians are highlighting the LINK token's position at what may represent a strategic long-term entry point.
Chainlink joins Project Pangea with European and Korean banks to test global stablecoin-based FX settlement using Swift and ISO 20022 rails.
Chainlink launched APAC Equities Streams, bringing live on-chain price data for Samsung Electronics, Toyota Motor, Sony and SK Hynix. The feeds deliver low-latency data from South Korean and Japanese markets for derivatives, risk management and tokenized finance products.
On Tuesday, Chainlink officially announced the launch of “Project Pangea.” This is a strategic working group that unites more than 10 South Korean commercial banks (under the UniKA alliance) and a European banking consortium composed of 37 global financial institutions.
Blockchain infrastructure provider Chainlink has joined a banking coalition representing more than $10 trillion in assets under management to advance real-time, stablecoin-powered cross-border payments for foreign exchange (FX) transactions. The initiative, known as Project Pangea, brings together Chainlink, Qivalisa euro stablecoin consortium supported by 37 European banksand UniKA, a South Korean banking alliance representing over 10 commercial banks.
Chainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market's existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement.
Chainlink, UniKA, and Qivalis unite to deliver atomic T+0 EUR-KRW stablecoin settlement
The integration of Chainlink in cross-border settlements could revolutionize global trade efficiency, reducing risks and unlocking capital. Chainlink joins 47 banks to enable T+0 cross-border settlements between Europe and South Korea.
Chainlink collaborates with banking institutions to pilot stablecoin foreign exchange infrastructure.
Project Pangea could revolutionize global finance by enhancing cross-border transactions, reducing risks, and integrating blockchain with existing systems. Chainlink, Korean and European banks launch Project Pangea.
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement.