Chainlink · CryptoSlate
Chainlink’s latest stablecoin push targets the capital stuck in bank FX settlement
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Chainlink's Project Pangea turns stablecoins toward a quieter but consequential job: helping banks settle foreign-exchange trades with less time between trade execution and final exchange of funds.
Key facts
- The June 23 announcement from Chainlink describes a framework for T+0 international FX settlement designed around compliant fiat-referenced digital assets, including EUR and KRW stablecoins
- Chainlink is -2.38% over the past 24 hours and currently sits at rank # 17 by market cap
- The announcement lends the framework institutional weight by citing a working group spanning Europe and South Korea that collectively manages more than $10 trillion in assets, including Qivalis
- Swift's own ISO 20022 guidance shows why that workflow compatibility is important
Summary
01 Chainlink's Project Pangea is testing T+0 FX settlement with compliant euro and won stablecoins. 02 The goal is to cut settlement risk and free capital while banks keep Swift and ISO 20022 workflows. 03 Whether banks can approve real-value trials, liquidity, redemption, and compliance for both currencies remains undecided. The June 23 announcement from Chainlink describes a framework for T+0 international FX settlement designed around compliant fiat-referenced digital assets, including EUR and KRW stablecoins.