Project Pangea Launches Direct Euro‑Korean Won Stablecoin FX Settlement for Instant International Payments

Project Pangea, an international fintech collaboration, has initiated a pilot program that employs a dual‑currency stablecoin tied to the euro (EUR) and the Korean won (KRW) for foreign‑exchange settlements. The system enables parties to execute cross‑border payments and settle them instantly in the stablecoin, sidestepping traditional FX conversion steps. By removing intermediary currency conversions, the pilot aims to deliver quicker settlement times, lower transaction costs, and reduced exposure to exchange‑rate volatility. The initiative is currently running in a controlled environment, with plans for phased expansion as regulatory approvals and market demand align.

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