Project Pangea, a consortium led by Chainlink and partners, has introduced a new system for cross-border foreign exchange settlement using regulated stablecoins for euros and Korean won. This initiative aims to eliminate reliance on intermediary currencies by enabling direct, atomic swaps between euro- and won-denominated stablecoins, improving efficiency and reducing settlement risk. The platform integrates blockchain technology with existing banking systems, supporting real-time Payment-versus-Payment transactions and aligning with Swift and ISO 20022 standards. This could transform global forex markets by speeding up transfers and enhancing capital efficiency without requiring banks to overhaul their current infrastructure.
Chainlink has partnered with 47 European and South Korean banks in Project Pangea to enable near-instant cross-border payments using stablecoins pegged to the euro and South Korean won. The initiative aims to reduce the traditional 48-hour foreign ex...
Large holders of Chainlink (LINK) have increased their accumulation, withdrawing over 200,000 LINK tokens from Binance worth about $1.6 million, signaling growing confidence at current price levels near recent recovery zones. Despite this, exchange d...
Chainlink recently unlocked 21 million LINK tokens worth $166 million, transferring 18.375 million LINK to Binance. Despite this significant token movement, LINK's price remains in a strong downtrend, currently trading around $7.9 after falling from ...
OKX has integrated Chainlink Data Streams into the mainnet of its X Layer, a zero-knowledge Layer 2 (ZK L2) solution. This partnership aims to enable decentralized finance (DeFi) applications powered by artificial intelligence and support protocols i...
U.S. spot ETFs for Solana (SOL) and XRP (XRP) attracted modest inflows on June 18, driven mainly by Bitwise’s ETFs, indicating selective institutional interest. XRP spot ETFs recorded $2.55 million in net inflows, contributing to a cumulative $1.45 b...
