Chainlink has launched the Pangea Project in collaboration with a consortium of multinational banks to explore T+0 settlement for stablecoin foreign exchange transactions.
2026.06.24 10:51:47
Chainlink announced the launch of Project Pangea in collaboration with FairSquareLab, UniKA, and euro stablecoin alliance Qivalis, an initiative aimed at exploring stablecoin-based real-time cross-border foreign exchange settlement models. Project Pangea will leverage Chainlink’s data, interoperability, and orchestration standards, along with FairSquareLab’s on-chain foreign exchange settlement technology, to enable direct atomic transactions between euro, South Korean won, and other compliant fiat-pegged digital assets, while driving the foreign exchange market’s transition from the traditional T+2 settlement model to T+0 real-time settlement. UniKA’s steering committee comprises Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with more than a dozen South Korean commercial banks participating; Qivalis is supported by 37 leading European banks. Collectively, the involved institutions represent over $10 trillion in assets under management.
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