Chainlink Collaborates with European and South Korean Banks on Stablecoin Settlement Initiative

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2026-06-24 05:48:02

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Chainlink has partnered with a consortium of European and South Korean banks to explore the use of stablecoins in cross-border foreign exchange settlements. The project, dubbed Pangea, aims to leverage blockchain technology to modernize traditional financial systems. Participants include FairSquareLab, the Unified Korea Alliance (UniKA), and the Qivalis euro stablecoin consortium.

The initiative will focus on atomic swaps between euro- and won-denominated stablecoins, utilizing Chainlink's data infrastructure and FairSquareLab's on-chain FX settlement technology. This move reflects growing institutional interest in blockchain-based solutions for global finance.

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