Anchorage Digital is introducing stablecoin infrastructure for U.S. dollar-based cross-border payments with Mexico conglomerate Grupo Salinas.
According to a recent report by The Block, Grupo Salinas plans to integrate Anchorage Digital's stablecoin infrastructure into cross-border payments through its crypto business unit, Coinpro.
The partnership focuses on shortening settlement cycles for dollar payments. The two companies said they will use a blockchain-based payment network to apply programmable functions and real-time settlement to dollar transfers while maintaining governance, security and regulatory standards required by large financial institutions.
Anchorage Digital's Stablecoin Solutions for Banks supports banks and financial institutions in settling payments with dollar-pegged stablecoins. Anchorage Digital co-founder and CEO Nathan McCauley (네이선 맥컬리) said stablecoins are evolving beyond a means of transaction into core financial infrastructure.
Anchorage Digital is also expanding its stablecoin partnership network. Western Union recently launched a U.S. dollar stablecoin on the Solana blockchain, with Anchorage Digital handling issuance.
Chi-gyu Hwang
delight@d-today.co.kr