Chainlink Joins 47 Banks in $10 Trillion Project Pangea to Enable Real-Time Euro-Won Settlements

Chainlink has joined Project Pangea, a cross-border payments initiative involving 47 banks across Europe and South Korea that collectively oversee more than $10 trillion in assets.

The project aims to enable near real-time settlement of euro–South Korean won foreign exchange transactions using regulated stablecoins tied to both currencies.

To support this effort, Chainlink will provide an interoperability layer that converts SWIFT payment messages into atomic blockchain settlements, helping connect conventional banking rails with digital asset settlement networks.

Source: CoinDesk