Chainlink announced it has launched the Pangea project with FairSquareLab, UniKA, and the euro stablecoin alliance Qivalis to explore a real-time cross-border foreign-exchange settlement model based on stablecoins. According to Foresight News, the project will use Chainlink’s data, interoperability, and orchestration standards, along with FairSquareLab’s on-chain FX settlement technology.
The Pangea project aims to enable direct atomic transactions between compliant fiat-pegged digital assets, including euro- and won-pegged assets, and to support a shift in FX markets from traditional T+2 settlement toward T+0 real-time settlement.
UniKA’s steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with more than 10 South Korean commercial banks participating. Qivalis is backed by 37 leading European banks.
The institutions involved collectively represent more than $10 trillion in assets under management, the report said.
Chainlink Launches Pangea Project to Explore Real-Time Stablecoin-Based FX Settlement
2026-06-24 02:53:53
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