Project Pangea Targets $150B Trade Corridor: Can Chainlink Challenge XRP and XLM

Chainlink joined 47 banks to build near-instant Europe–South Korea FX settlement infrastructure.

Project Pangea uses regulated stablecoins instead of XRP-like bridge assets for cross-border payments.

Despite growing institutional adoption, LINK's price has yet to reflect Chainlink's expanding network.

Chainlink has joined a coalition of 47 European and South Korean banks to build near-instant foreign exchange settlement infrastructure across one of the world's largest trade corridors, a move that places the oracle network in direct competition with the institutional cross-border payment use cases that Ripple and Stellar have spent a decade building.

Project Pangea connects Chainlink with two banking groups: Qivalis, a euro stablecoin consortium made up of 37 European banks, and UniKA, a South Korean banking alliance representing more than 10 commercial banks.

Together they represent over $10 trillion in combined assets under management.

Project Pangea aims to cut the standard 48-hour foreign exchange settlement window to near-instant settlement, or T+0, using regulated stablecoins tied to the euro and the South Korean won. Both sides of a currency trade would clear at the exa

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/project-pangea-targets-150b-trade-161215373.html)