Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
2026-06-23 15:42:08
Chainlink is joining Project Pangea, an alliance of 47 South Korean and European banks aiming to enable near real-time cross-border settlement of multimillion-dollar FX trades using regulated euro- and won-pegged stablecoins. The group represents over $10 trillion in assets under management, according to CoinDesk, and includes Qivalis, a euro stablecoin consortium backed by 37 European banks, and UniKA, a Korean banking alliance. The project will test atomic payment-versus-payment settlement on the Pangea L1 Network, targeting live transactions within the next 12 months.
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