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Project Pangea aims to enable near-instant EUR-KRW settlements with 47 banks using stablecoins.

Protocol Fundamentals
23 Jun 2026
Crypto Briefing
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Bullish
pluang ai news

Project Pangea, involving 47 banks from Europe and South Korea managing over $10 trillion in assets, seeks to reduce EUR-KRW foreign exchange settlement times from two days to near real-time using regulated stablecoins and atomic payment-versus-payment on a dedicated blockchain. This initiative targets a $150 billion trade corridor and integrates with existing banking standards like Swift and ISO 20022 for smooth adoption. The project aims for live compliant transactions within 12 months, potentially freeing up capital and reducing counterparty risk in cross-border trades. Investors should watch for bank commitments and regulatory clarity in both regions to assess progress.

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