The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time. Chainlink joined Project Pangea, a coalition of European and South Korean banks to enable real-time, stablecoin-based cross-border payments for foreign-exchange trades within a year. The initiative will test near-instant settlement of euro- and South Korean won-pegged stablecoins using atomic payment-versus-payment mechanisms, aiming to cu…
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