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Project Pangea pilots direct euro-Korean won stablecoin FX settlement for instant international payments.

Market News
23 Jun 2026, 21:14 WIB
Blockonomi
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Bullish
Project Pangea pilots direct euro-Korean won stablecoin FX settlement for instant international payments.

A consortium of European and South Korean banks, led by Chainlink and partners like FairSquareLab, has launched Project Pangea to pilot a stablecoin-based foreign exchange settlement system. The platform enables direct, simultaneous exchange of regulated digital euros and Korean won, aiming to speed up international payments and reduce reliance on traditional intermediaries. Chainlink's technology bridges legacy banking systems with blockchain networks, supporting real-time T+0 settlement and maintaining existing messaging protocols. While still experimental, the project highlights growing institutional interest in stablecoins for improving cross-border financial infrastructure.

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