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06/24 04:41

Chainlink is moving further into traditional finan

#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 Chainlink is moving further into traditional finance research by joining a new cross-border working group focused on using stablecoins for foreign exchange (FX) settlement. The effort—announced alongside South Korean and European banking networks—targets how tokenized euro and won stablecoins could be exchanged via direct “atomic swap” mechanisms. On Tuesday, Chainlink introduced Project Pangea with South Korean digital infrastructure firm FairSquareLab, the Unified Korea Alliance (UniKA)—a consortium that includes more than a dozen Korean commercial banks—and Qivalis, a euro stablecoin consortium backed by 37 European banks. The project is designed as a collaboration to evaluate settlement workflows rather than a consumer payment product. Key takeaways Project Pangea brings European and South Korean institutions together to test stablecoin-based FX settlement. The working group centers on direct, atomic swaps between euro- and won-denominated stablecoins. Chainlink will contribute its data infrastructure, while FairSquareLab will support onchain FX settlement technology. The initiative reflects a broader shift toward stablecoins in wholesale settlement and corporate use cases, not just retail payments. What Project Pangea is trying to prove According to Chainlink, Project Pangea aims to connect participants across Europe and South Korea to assess whether direct exchange of stablecoins—specifically, euro- and South Korean won-denominated tokens—can be performed in an atomic manner. “Atomic swaps” generally refer to settlement designs where both sides of an exchange occur together, reducing exposure to time lags that can exist when payments and asset transfers are not synchronized. Chainlink’s role in the collaboration is described around its data infrastructure, while FairSquareLab is expected to provide the onchain for

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