PANews reported on June 23, according to CoinDesk, that Chainlink has joined the "Project Pangea" alliance, which involves 47 banks from Europe and South Korea. The project aims to achieve real-time cross-border settlement for foreign exchange transactions using euro and Korean won stablecoins within one year. The initiative will test T+0 atomic PvP (payment versus payment) settlement using regulated stablecoins pegged to the euro and Korean won, replacing the traditional T+2 delivery cycle. The goal is to reduce counterparty and settlement risks in the Europe–Korea trade corridor, which is valued at approximately $150 billion. Pangea will serve as middleware, enabling banks to continue using Swift and ISO 20022 messaging standards while completing on-chain settlement via the Pangea L1 chain, without the need to restructure existing payment systems. The on-chain infrastructure is provided by Chainlink.