Picture of the author

Sadii

06/24 04:05

TLDR: Project Pangea unites 47+ European and Kore

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge TLDR: Project Pangea unites 47+ European and Korean banks to pursue atomic T+0 FX settlement via stablecoins. Chainlink CCIP, Data Streams, and the Runtime Environment form the project’s core connectivity layer.  FairSquareLab’s Pangea L1 enforces oracle-first transaction ordering for real-time interbank FX swaps.  Qivalis and its 37-bank euro stablecoin consortium serve as the EUR anchor for Project Pangea flows.  Chainlink has joined forces with European and South Korean banking consortia to launch Project Pangea, a working group targeting real-time T+0 foreign exchange settlement through stablecoin infrastructure. A Multi-Trillion Dollar Push for Atomic FX Settlement Project Pangea brings together Chainlink, FairSquareLab, UniKA, and Qivalis under one strategic task force. The coalition collectively represents over $10 trillion in assets under management. UniKA’s steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA. More than ten additional Korean commercial banks are participating in the initiative alongside them. The global FX market processes over $9.6 trillion in daily trading volume. Despite this scale, the traditional infrastructure remains fragmented and slow. Cross-border transactions often require institutions to convert capital through intermediary currencies, causing delays. Project Pangea targets this bottleneck directly through atomic Payment-versus-Payment swaps of regulated EUR and KRW stablecoins. Chainlink Labs President of Capital Markets Fernando Vazquez described the launch as a structural shift rather than an incremental upgrade, saying the project “upgrades the fragmented foreign exchange model of today with direct, atomic currency swaps using stablecoins.” The initiative uses ISO 20022 messaging standards and existing Swift infrastructure to bridge legacy syste
1Поделиться

Все комментарии0НовыеВ тренде

avatar
НовыеВ тренде