Woofun AI reports that Chainlink has jointly deployed the Pangea project alongside FairSquareLab, UniKA, and the euro-stablecoin alliance Qivalis to pioneer real-time cross-border foreign exchange settlement via stablecoins. By integrating Chainlink’s data, interoperability, and orchestration standards with FairSquareLab’s on-chain settlement technology, the initiative facilitates direct, atomic transactions between digital assets pegged to compliant fiat currencies, including the euro and the Korean won.

This strategic collaboration aims to accelerate the transition of the foreign exchange market from the traditional T+2 settlement framework to a real-time T+0 system. UniKA’s steering committee comprises Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with participation from over a dozen Korean commercial banks.

Concurrently, Qivalis is supported by 37 leading European banks. Collectively, these participating institutions represent an asset management scale exceeding $10 trillion.