POPA ReconChainlink Joins 47 Banks in 'Project Pangea' to Settle Cross-Border FX Instantly
Chainlink Joins 47 Banks in 'Project Pangea' to Settle Cross-Border FX Instantly Chainlink has joined Project Pangea, a coalition of 47 European and South Korean banks building real-time, stablecoin-based settlement for cross-border foreign-exchange trades. Spanning the Qivalis euro-stablecoin consortium and Korea's UniKA alliance, the group aims to move FX settlement from a 48-hour T+2 cycle toward near-instant T+0 across a $150B EUR-KRW trade corridor. Banks keep triggering transactions over Swift and ISO 20022, while Chainlink translates them into atomic swaps on a neutral Pangea L1 chai…
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