Anchorage Digital Partners with Mexican Billionaire-Backed Grupo Salinas for Cross-Border Payments

BlockBeats News, May 13th, according to an exclusive report by The Block, the US federally chartered crypto bank Anchorage Digital has partnered with Mexican billionaire Ricardo Salinas Pliego's Grupo Salinas. Anchorage will provide Grupo Salinas with its USD-pegged stablecoin payment channel to streamline USD-denominated cross-border payment processes.

Under the agreement, Grupo Salinas will integrate Anchorage Digital's stablecoin infrastructure into its cross-border payment flow through its crypto business arm Coinpro to shorten the settlement period. This partnership leverages a blockchain-based USD movement channel, introducing programmable real-time settlement capabilities while maintaining the governance, security, and regulatory standards required by large financial institutions.

Anchorage Digital Co-Founder and CEO Nathan McCauley stated that stablecoins are evolving from a trading tool to core financial infrastructure, and their "banking stablecoin solution" provides banks and financial institutions with a secure, federally regulated way to transfer USD globally via a blockchain channel. Grupo Salinas executive Carlos Díaz Alonso mentioned that this partnership will jointly develop a more efficient channel, benefiting customers and users of its retail financial services company Elektra.

It is worth mentioning that Grupo Salinas is controlled by the renowned Bitcoin proponent Ricardo Salinas Pliego, who also controls Banco Azteca. Recently, Western Union launched a USD-denominated stablecoin issued by Anchorage Digital on the Solana blockchain.