Project Pangea launched June 23, 2026 to evaluate transition from T+2 to T+0 FX settlement. Participants: FairSquareLab, UniKA steering committee (Shinhan Bank, JB Bank, Kbank, FairSquareLab, OBDIA) plus 10+ Korean commercial banks, Qivalis (37 European banks).
Goals: direct atomic FX transactions between compliant regional stablecoins, instant PvP settlement, expanded onchain liquidity. Uses ISO 20022 messaging and existing Swift infrastructure.
Jean-Luc Gustave (Qivalis APAC): positions euro stablecoin at heart of institutional EUR/KRW corridor.