Project Pangea, a collaboration involving Chainlink, over 10 Korean banks, and 37 European banks, seeks to replace the traditional two-day FX settlement cycle with real-time, stablecoin-based settlement. This initiative targets the $9.6 trillion daily FX market by enabling direct atomic swaps of EUR and KRW stablecoins, reducing reliance on intermediary currencies and settlement risk. The technology integrates existing banking messaging standards with blockchain layers to ensure transactions settle at current market prices. The working group will continue developing this multi-currency network, though no full deployment timeline is set yet.
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Chainlink's co-founder Sergey Nazarov spoke at a White House event highlighting U.S. regulatory support for stablecoins and tokenized stocks, which could boost adoption of dollar-backed digital assets. Meanwhile, Ethereum infrastructure firm Nethermi...
Chainlink's Andrew McCormick predicts AI will drastically reduce the cost of launching new blockchain networks, leading to many chains emerging. This growth will heighten the need for interoperability solutions like Chainlink's Cross-Chain Interopera...
Cryptocurrency markets are experiencing significant gains, with Bitcoin reaching approximately $69,183, up 7.9%, and Ethereum surging 19.3% to $2,259.15. Other notable increases include Ripple (XRP) up 12.7%, Solana (SOL) up 12.5%, and Binance Coin (...
Nethermind has transitioned its cross-chain infrastructure from LayerZero to Chainlink after a thorough evaluation, becoming a Chainlink node operator supporting CCIP and Data Feeds. This move enhances Chainlink's cross-chain capabilities amid growin...
