Chainlink Collaborates with European and Korean Banks on FX Settlement Initiative

Chainlink has partnered with banks in Europe and South Korea to explore the use of stablecoins for foreign exchange settlements through Project Pangea.

Chainlink has partnered with banks in Europe and South Korea to explore the use of stablecoins for foreign exchange settlements through Project Pangea.

As regulatory frameworks around stablecoins remain unclear, banks may face greater disadvantages compared to crypto firms, according to industry experts.

The Trump administration is set to meet with banking and cryptocurrency executives to address legislative deadlocks surrounding the CLARITY Act, particularly regarding stablecoin interest rules.