Chainlink Teams Up With 47 South Korean, European Banks to Speed Up International Money Transfers

Chainlink has joined forces with 47 banks from South Korea and Europe to launch Project Pangea. The initiative aims to use stablecoins to settle large currency trades between the regions in near real time.

The project involves major financial institutions and will focus on multimillion-dollar transactions. By leveraging Chainlink's technology, the banks hope to reduce the time and cost associated with traditional cross-border payments.

For everyday users, this could mean faster and cheaper international money transfers. Businesses that rely on global payments could see significant savings and improved efficiency. Individuals sending money abroad may also benefit from reduced fees and quicker processing times.

The next step is to watch for the project's rollout timeline and any regulatory approvals needed. If successful, this could set a new standard for international payments, making them more accessible and efficient for everyone. Read more → https://www.coindesk.com/markets/2026/06/23/chainlink-teams-up-with-47-south-korean-european-banks-to-speed-up-international-money-transfers