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Key Takeaways Project Pangea is a bank-led initiative, launched June 23, 2026, that uses Chainlink and regulated euro and Korean won stablecoins to settle cross-border currency trades almost instantly instead of in two days. It connects European and South Korean banks through the Swift messaging they already use, with Chainlink handling interoperability and a dedicated Pangea blockchain handling settlement. It is an early-stage working group, not a live product: participants target first real transactions within roughly a year, and major regulatory and adoption questions remain open. In This Article The Problem With Cross-Border FX Today Project Pangea at a Glance The Consortium Behind It How Project Pangea Works T+2 vs T+0 Settlement Potential Benefits Risks and Open Questions How the Market Reacted Why Project Pangea Matters in 2026 The Problem With Cross-Border FX Today The global foreign exchange market moves more than $9.