Chainlink Collaborates with European and Korean Banks on FX Settlement Initiative
A consortium of banks from Europe and South Korea is exploring the potential of regulated stablecoins for real-time cross-border foreign exchange settlements.
Editorial Staff
1 min read
Updated about 9 hours ago
On June 23, 2026, Chainlink announced its participation in a consortium with banks from Europe and South Korea.
The focus of this collaboration is to investigate whether regulated euro and won stablecoins can facilitate real-time foreign exchange settlements across borders.
This initiative could represent a significant step towards modernizing cross-border financial transactions, although the outcomes of the study remain uncertain.