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Chainlink partners with 47 Korean and European banks to advance cross-border stablecoin settlements

2026-06-23 20:48:47

Abstract generation in progress

ME News Report, June 23 (UTC+8), Chainlink has jointly launched the Pangea project with South Korean digital asset infrastructure company FairSquareLab, the unified Korean alliance UniKA composed of a dozen South Korean commercial banks, and the Euro stablecoin alliance Qivalis supported by 37 European banks. The project aims to bring together financial institutions from Europe and Korea, utilizing Chainlink's data infrastructure and FairSquareLab's on-chain foreign exchange settlement technology to assess the feasibility of direct atomic swaps settled with stablecoins denominated in euros and Korean won. Currently, the project is in the working group stage and has not announced a timeline for production deployment. Additionally, fintech startup OpenFX recently raised $94 million to expand its stablecoin-based payment network. (Cointelegraph) (Source: ODAILY)

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