Grupo Salinas Taps Anchorage for Stablecoin Cross-Border Transfers

Anchorage Digital and Mexico’s Grupo Salinas have partnered to make use of GENIUS Act-compliant stablecoins for cross-border settlement and greenback cost flows.

Below the settlement, Grupo Salinas will combine Anchorage’s stablecoin infrastructure into operations by way of its Coinpro digital asset subsidiary to assist treasury exercise and blockchain-based greenback transfers.

Anchorage’s Stablecoin Options for Banks platform is designed to supply banks and monetary establishments with blockchain-based greenback settlement infrastructure by way of Anchorage Digital Financial institution N.A., the primary federally chartered crypto financial institution in the US.

The GENIUS Act requires that solely sure entities, together with subsidiaries of federally chartered banks, can challenge cost stablecoins.

The businesses mentioned the partnership is meant to shorten settlement instances for worldwide greenback transfers utilizing blockchain-based cost rails as a substitute of conventional correspondent banking infrastructure.

Grupo Salinas owns companies together with Banco Azteca and Grupo Elektra, which offer banking, shopper finance and retail providers throughout Mexico and Latin America. 

Mexico is among the world’s largest remittance markets, receiving roughly $64.7 billion in remittances in 2024, in accordance with a 2025 report from the Federal Reserve Financial institution of Dallas. The identical report discovered that remittance charges within the US-Mexico hall averaged just below 5% for a $200 switch, whereas conventional financial institution transfers usually value between 4% and 18%.

Supply: Dallasfed.org

Associated: Stablecoin firms have a $112B additional opportunity in LATAM remittance

Stablecoin remittance infrastructure expands in Latin America

Stablecoin adoption has grown quickly throughout Latin America in recent times. A 2025 report from Mexico-based crypto alternate Bitso discovered that US dollar-linked stablecoins accounted for 40% of crypto purchases on its platform, surpassing Bitcoin (BTC) for the primary time.

The alternate mentioned customers more and more counting on stablecoins for financial savings, funds and remittances amid inflation and foreign money volatility throughout the area.

Supply: Bitso report

Together with rising stablecoin adoption, main remittance and cash switch corporations have more and more expanded their stablecoin-based cost infrastructures.

Earlier this month, Western Union launched its USDPT stablecoin on Solana (SOL) for cross-border funds and settlement, with preliminary availability in Bolivia and the Philippines and broader growth deliberate throughout greater than 40 international locations later this 12 months.

Crypto alternate Kraken recently partnered with MoneyGram to permit customers to transform crypto into native foreign money for money pickup throughout greater than 100 international locations by way of MoneyGram’s retail payout community.

Final month, Mercado Libre, one in all Latin America’s largest e-commerce and fintech corporations, launched cross-border transfers between Brazil, Mexico and Chile utilizing its Meli Dólar stablecoin.

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