Anchorage partners with Mexican billionaire's Grupo Salinas on stablecoin cross-border payments

Odaily reports that Anchorage Digital has announced a partnership with Grupo Salinas, the enterprise group of Mexican billionaire Ricardo Salinas Pliego, to optimize USD cross-border payment processes through stablecoin infrastructure.

According to the announcement, Coinpro, the crypto business under Grupo Salinas, will integrate Anchorage's stablecoin payment infrastructure to shorten cross-border settlement cycles and enable real-time programmable USD settlement based on blockchain technology.

Anchorage stated that its "Stablecoin Solutions for Banks" product can provide USD stablecoin-based payment and settlement services for banks and financial institutions. Carlos Díaz Alonso, an executive at Grupo Salinas, said that the two parties will also jointly develop more efficient payment channels to serve Grupo Elektra users.

Previously, Anchorage had also partnered with Western Union to launch a USD stablecoin product on the Solana blockchain. (The Block)