Chainlink joins 47-bank Project Pangea to pilot euro and won stablecoin FX settlement
Chainlink says it has joined a consortium of European and South Korean banks to study how regulated stablecoins could be used for real-time cross-border foreign-exchange (FX) settlement. The effort is dubbed Project Pangea and targets settlement using euro and won stablecoins for international currency trades between the two regions [1] [2].
Multiple reports describe Project Pangea as involving 47 banks across South Korea and Europe, aiming to reduce settlement latency for multimillion-dollar FX transactions. The initiative also includes separate stablecoin-focused banking groups, including Qivalis for euro stablecoins and UniKA for South Korea’s banking sector [3] [4].
Project Pangea is currently framed as a development and study initiative for stablecoin-based, near real-time FX settlement, with participating banks and consortia across Europe and South Korea [1] [2].
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- 2Chainlink joins European and Korean bank consortia to develop FX settlement networkCointelegraph• Jun 23, 2026
- 4An Altcoin Has Partnered with 47 Banks for International Payments – Is Ripple’s Dominance Under Threat?Bitcoin Sistemi• Jun 23, 2026
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