Anchorage, Grupo Salinas to use stablecoins for remittances

Anchorage Digital and Grupo Salinas announced Wednesday that Coinpro, the conglomerate’s crypto arm, will integrate Anchorage’s USD-pegged stablecoin rails to accelerate cross-border dollar remittances and enable real-time settlement for Banco Azteca customers.

Under the agreement, Coinpro will route dollar flows over blockchain-based stablecoin infrastructure to shorten settlement cycles and support programmable, real-time settlement. Anchorage said the integration preserves governance, security and regulatory controls required by large financial institutions while allowing dollar movement on blockchain rails.

Anchorage’s offering, Stablecoin Solutions for Banks, lets banks and other financial firms settle payments using USD-pegged stablecoins. Nathan McCauley, Anchorage Digital co-founder and CEO, called stablecoins “evolving from a trading instrument into core financial infrastructure” and described the product as a “secure and federally regulated way to move dollars globally using blockchain rails.”

Carlos Díaz Alonso, a Grupo Salinas executive, noted the companies will co-develop payment channels intended to benefit customers of Grupo Elektra and Banco Azteca.

The firms expect the integration to speed remittances to and from Mexico by shortening the time between initiation and final settlement. On-chain settlement can permit near-instant transfers once funds are on the blockchain, and programmable features can automate conditional payouts and reconciliation steps that currently require batching or multiple intermediaries. Anchorage added the rails will operate under controls aligned with regulatory requirements for institutional participants.

Anchorage Digital is a federally chartered crypto bank based in the United States that has been expanding partnerships to deploy stablecoin-based settlement solutions. Financial firms have recently explored dollar-denominated stablecoins; one example is a U.S. dollar stablecoin on the Solana blockchain issued by Anchorage.

Grupo Salinas is a Mexican conglomerate led by Ricardo Salinas Pliego. The group controls retail and financial brands including Grupo Elektra and Banco Azteca and has invested in fintech and digital payments.