Anchorage Partners with Mexico Billionaire's Grupo Salinas for Stablecoin Cross-Border Payments

Odaily Odaily Planet Daily News Anchorage Digital announced a partnership with Grupo Salinas, the business conglomerate of Mexican billionaire Ricardo Salinas Pliego, to optimize USD cross-border payment processes through stablecoin infrastructure.

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

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

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