🏛️ Chainlink has partnered with major European and South Korean banking consortia to launch Project Pangea, a new initiative testing stablecoin-based foreign exchange settlements.
The project uses atomic swaps for euro and won-denominated stablecoins, aiming to modernize legacy cross-border payment infrastructure.
Key details:
• Over 50 financial institutions involved in R&D
• Participants include the Unified Korea Alliance and European consortium Qivalis
$BTC $ETH #Ethereum #Bitcoin #CryptoNews
The project uses atomic swaps for euro and won-denominated stablecoins, aiming to modernize legacy cross-border payment infrastructure.
Key details:
• Over 50 financial institutions involved in R&D
• Participants include the Unified Korea Alliance and European consortium Qivalis
$BTC $ETH #Ethereum #Bitcoin #CryptoNews