Chainlink has partnered with 47 banks from South Korea and Europe, aiming to speed up cross-border international fund transfers.
16 hours ago
Blockchain infrastructure firm Chainlink Labs announced it will join a consortium of multiple banks that collectively manage over $10 trillion in assets, with the goal of advancing stablecoin-based real-time cross-border foreign exchange payment settlements within a year. The consortium is named Project Pangea. Niki Ariyasinghe, Chainlink’s Vice President for Asia Pacific and Middle East, stated in a Tuesday video interview that the project aims to reshape the global foreign exchange market. In addition to Chainlink, the consortium includes Qivalis—a euro stablecoin consortium backed by 37 European banks—and UniKA, a South Korean banking alliance representing over 10 commercial banks. The project’s target is to shift foreign exchange settlements from the traditional T+2 (48-hour post-transaction) cycle to near-instant T+0 settlement, primarily relying on regulated euro and South Korean won-pegged stablecoins: crypto tokens anchored at a 1:1 value to their underlying fiat currencies.
SK Hynix’s planned financing in the U.S. could exceed Alibaba’s to become the largest such deal in history, with its American Depositary Receipt (ADR) offering raising up to $29 billion.
8 minutes ago
SK Hynix plans to raise approximately $29 billion via an ADR listing.
8 minutes ago
Former Prime Minister of Israel publicly admitted that he had secretly smuggled tens of thousands of SpaceX Starlink devices to Iran with the intention of overthrowing the regime.
8 minutes ago
Expectations of a price hike for TSMC’s advanced process technology are heating up, with TSM prices rebounding after touching the on-chain long position cost moving average.
8 minutes ago
Bitget has listed 7 spot stocks, including Strive, Yum! Brands, and US Dividend Stock ETF.
8 minutes ago
Decentralized all-asset trading platform Vanta secures a multimillion-dollar seed round, with public beta testing now live.
8 minutes ago
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