The alliance will allow Coinpro, a crypto exchange owned by Grupo Salinas, to leverage Anchorage’s stablecoin services for its cross-border settlement operations. Grupo Salina’s Carlos Dias Afonso hinted at a deeper integration of stablecoin channels to benefit Grupo Elektra’s customers.
Stablecoins have become one of the key use cases for blockchain technology, and more financial institutions around the world are shifting their business model to introduce them into their workflows.
Grupo Salinas, one of the largest business conglomerates in Mexico, with dozens of companies, has partnered with Anchorage Digital, a cryptocurrency services company, to integrate stablecoins in its cross-border payment flows. Coinpro, a cryptocurrency platform owned by the group, will integrate Anchorage’s Stablecoin Solutions for Banks to “compress settlement cycles” in its cross-border operations.
Anchorage claims that its stablecoin solution offers international institutions the ability to include stablecoin-based operations with embedded compliance for cross-border payments and treasury operations.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, stressed that stablecoins were moving to become core bank infrastructure. “Grupo Salinas shares our conviction that digital dollars will power the next generation of cross-border finance, and we’re proud to partner in bringing that vision to life,” he declared
