Chainlink joins European and Korean bank consortia to develop FX settlement network
CoinTelegraph·
60-second summary
Chainlink is partnering with European and Korean bank consortia to develop a FX settlement network, exploring the use of regulated euro and won stablecoins for real-time cross-border transactions. The study aims to facilitate faster and more efficient international trade, potentially reducing costs and increasing liquidity in the foreign exchange market.
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement.