Fred Ersham, co-founder of Coinbase and Paradigm, met Venezuelan government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, to explore investment opportunities tied to Venezuela’s financial revival. He indicated interest in sectors such as fintech and payments, along with energy and gas. Grupo Salinas partnered with Anchorage Digital to integrate stablecoins into cross-border payment flows through its Coinpro platform, using Anchorage’s Stablecoin Solutions for Banks to compress settlement cycles. Anchorage described its stablecoin approach as bank-infrastructure oriented, with embedded compliance for cross-border payments and treasury operations. In Brazil, Banco Topazio was fined over illicit crypto flows exceeding $1.7 billion and faced a two-year ban on crypto trading.
"Fred Ersham, co-founder of U.S.-based cryptocurrency exchange Coinbase and Paradigm, a venture capital firm, has traveled to Venezuela several times and has been meeting with government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, according to Bloomberg. Ersham, with a net worth of $2.6 billion, would be interested in investing in several sectors of the Venezuelan economy, including fintech and payments, but also in energy and gas."
"Ersham appeared this week in a tech event organized by one of the main state-owned banks, Banco de Venezuela, to promote the country's potential to become the best country in Latam. Mexico's Grupo Salinas tapped Anchorage Digital to next use a stablecoin system for cross-border flows. Over $1.7B in illicit flows, Brazil fined Banco Topazio, and enforced a 2-year crypto trading ban."
"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."
Read at news.bitcoin.com
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