Chainlink Joins 50+ Banks in Project Pangea for T+0 FX Settlement Push Today

Chainlink launches Project Pangea with 50+ banks to test T+0 FX settlement using stablecoins and ISO 20022.

• Chainlink has launched Project Pangea with over 50 banks to test T+0 (same-day) settlement for foreign exchange (FX) markets.
• The initiative leverages stablecoins, ISO 20022 standards, and existing banking infrastructure like SWIFT for faster, more efficient cross-border transactions.
• This project aims to reduce settlement risk and improve liquidity in the global FX market, which handles trillions in daily trading volume.

Topics: Payment system integration, Institutional adoption, Blockchain usage, Stablecoin payments remittances, Banking depository pilots, Ethereum evm l 1 s

Tags: #chainlink #projectpangea #t0settlement #fxsettlement #stablecoins #iso20022 #foreignexchange #crossborder #banking #swift

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