Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement. According to Cointelegraph, the initiative will examine if stablecoins issued under regulatory frameworks could be used to streamline FX settlement between the two regions, with a focus on improving the speed of cross-border transactions.
The study is centered on the potential role of euro- and won-denominated stablecoins in facilitating real-time settlement for cross-border foreign exchange flows. It will assess whether using regulated stablecoins can support more efficient settlement processes compared with existing methods, specifically in the context of transactions between European and South Korean banking participants. The report did not provide additional details on participating institutions, timelines, or implementation plans beyond the scope of the study.
European and South Korean Banks to Study Regulated Euro and Won Stablecoins for FX Settlement
2026-06-23 15:53:51
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