EL7.AI
CryptoMediumUpdated×3•Originally published 23 June 2026•Updated 27 June 2026•
2 min read

Chainlink Partners With Major Banks for Project Pangea Stablecoin FX Initiative

Bridge connecting a Chainlink cube to a bank building with Tether coins and a Stablecoin Trading slider.

Key Facts

1Chainlink is collaborating with major banking institutions to pilot foreign exchange infrastructure using stablecoins.

In a move reflecting the accelerating adoption of digital asset technology by traditional financial institutions, Chainlink has announced a collaboration with major banks to pilot a new foreign exchange infrastructure. This step is part of an initiative dubbed 'Project Pangea', which focuses primarily on utilizing stablecoins to facilitate FX transactions. According to reports, the partnership aims to develop technical solutions that contribute to streamlining and modernizing current systems in global currency markets.

This trend comes as major banks seek to reduce cross-border settlement costs, with market data indicating growing interest in Chainlink's Cross-Chain Interoperability Protocol (CCIP). Compared to similar projects like 'Project Guardian' led by the Monetary Authority of Singapore, Project Pangea focuses on merging banking liquidity with stablecoin efficiency. Per market data, the success of these pilots could open the door for massive institutional flows toward decentralized oracle networks.

Operationally, traders are monitoring the LINK token price response to these institutional developments, as prices remained at technical consolidation levels (close June 23, 2026). Looking at the economic calendar, global interest rate decisions, such as the Fed's recent move to hold rates at 3.75% (June 17, 2026), are expected to influence the attractiveness of stablecoins as settlement tools. Investors should watch for upcoming announcements regarding the specific banks officially participating in the project to gauge the scale of implementation.

Latest Updates · 2

  1. Major·

    Update: Recent reports have revealed the massive scale of this alliance, with participating banks representing over $10 trillion in assets under management. The project now includes the Qivalisa consortium backed by 37 European banks, alongside South Korea’s UniKA alliance of over 10 commercial banks, significantly expanding the initiative's geographic and institutional reach.

  2. Major·

    Update: Recent reports have revealed that Project Pangea involves a massive coalition of 47 banks from Europe and South Korea, with combined assets under management exceeding $10 trillion. This collaboration centers on integrating Chainlink technology with two major banking groups: Qivalis, representing 37 European banks, and UniKA, which includes more than 10 South Korean financial institutions.