Anchorage and Mexican billionaire's Grupo Salinas ink cross-border payments partnership

"Grupo Salinas, through Coinpro, will integrate Anchorage Digital's stablecoin infrastructure into its cross-border payment flows, to compress settlement cycles," Anchorage said on Wednesday.

"By utilizing blockchain-based rails for dollar movement, the partnership introduces programmable, real-time settlement capabilities while maintaining the governance, security, and regulatory standards required by large financial institutions," the company said.

Coinpro is the crypto arm operated by Grupo Salinas, which also controls Banco Azteca. Salinas, who runs Grupo Salinas, is a well-known bitcoin bull.

"Stablecoins are evolving from a trading instrument into core financial infrastructure," Anchorage Digital co-founder and CEO Nathan McCauley said. "With Stablecoin Solutions for Banks, we're giving a secure and federally regulated way to move dollars globally using blockchain rails. Grupo Salinas shares our conviction that digital dollars will power the next generation of cross-border finance."

Anchorage Digital said its "Stablecoin Solutions for Banks" offers banks and financial institutions access to settling payments in USD-pegged stablecoins.

Grupo Salinas executive Carlos Díaz Alonso said the partnership will involve "co-developing more efficient channels that benefit Grupo Elektra's customer and users." Grupo Elektra is a retail and financial services company that is part of Grupo Salinas.

Anchorage Digital has been working to expand its network of stablecoin partners. Western Union recently introduced a U.S. dollar-denominated stablecoin on the Solana blockchain that is issued by Anchorage Digital, a federally chartered crypto bank based in the U.S.