Chainlink unveils Project Pangea for T+0 FX settlement with 50+ banks
- —Consortium spans 50+ banks in 16 countries with over $10 trillion in combined AUM
- —First corridor is EUR-KRW, handling more than $150 billion in annual volume
- —Settlement uses euro- and won-pegged stablecoins, with CCIP messaging and Data Streams pricing
- —Live, regulation-compliant transactions targeted within 12 months
Why it matters: Moving FX to T+0 removes counterparty risk and could give blockchain access to a market processing $7.5–9.6 trillion daily.
Source: Crypto Briefing