Chainlink has partnered with 47 banks from Europe and Korea to advance Project Pangea, aiming to enable real-time cross-border stablecoin settlements within a year. The consortium, formed by Qivalis and UniKA, represents over $10 trillion in managed assets and targets the Europe-Korea trade corridor, which handles over $15 billion annually. The initiative seeks to reduce foreign exchange settlement cycles from T+2 to T+0 using euro- and won-pegged stablecoins and atomic PvP settlement to minimize counterparty risk. Chainlink will facilitate this by converting SWIFT instructions into on-chain atomic swaps, allowing banks to maintain their current payment systems.