Anchorage Digital is expanding its partnership with Bitso to provide custody services for the Mexican peso stablecoin MXNB across six blockchains and list dollar stablecoins USDPT and USAT on Bitso's platform. The arrangement extends regulated custody across both sides of the US-Mexico stablecoin corridor, combining custody, token availability and payment access functions. The US-Mexico corridor is one of the world's largest cross-border payment routes, moving tens of billions of dollars annually, with Bitso processes 15% of that volume through its infrastructure.
Anchorage Digital Custodies MXNB Across Six Blockchains
Anchorage Digital Bank is custodying MXNB across Arbitrum, Base, Ethereum, Polygon, Avalanche and Arc. The multi-chain coverage addresses the distribution of digital-asset liquidity and settlement across networks. Anchorage says clients can store and access MXNB across the supported networks according to their needs. The announcement does not specify whether every chain offers identical functionality or liquidity.
The arrangement combines custody, token availability and payment access, though the three functions remain distinct. Anchorage provides custody for the tokens identified in the release. Bitso makes the dollar stablecoins available on its platform, while MXNB can be held across six networks under Anchorage's custody.
Bitso Lists Western Union USDPT and Tether USAT
Bitso users in Mexico can buy and sell USDPT with pesos directly in the app. Western Union agents with Bitso Business accounts can convert USDPT into other supported currencies, according to the release. USAT is also listed. The two tokens add dollar-denominated options to Bitso's platform alongside MXNB, creating a setting in which users and businesses can move between peso and dollar stablecoins within a digital-asset service.
USDPT is issued by Western Union. USAT is issued by Tether. The announcement describes the supported tokens as GENIUS-compliant but does not provide additional detail on the legal basis for that description, the reserve arrangements for each token, redemption conditions or the regulatory status of each service in every jurisdiction.
Anchorage and Bitso Position Services for Institutional Corridor Access
Anchorage chief executive and co-founder Nathan McCauley said custodying MXNB across six chains and supporting USDPT and USAT on Bitso places the bank on both sides of the flow. His comments reflect the company's position that regulated custody can be a starting point for issuers and financial institutions evaluating the corridor.
Bitso's head of stablecoin, Ben Reid, said customers need trust when moving dollars and pesos onchain and described the supported tokens as GENIUS-compliant. The companies present the expanded partnership as a step toward making digital settlement more available to banks, issuers and payment companies.
The announcement does not identify a new remittance product, promise a specific reduction in costs or give a target for transaction volume. The release does not publish conditions on local access, fees, exchange rates and operating hours. Institutional and retail users will need to review the applicable issuer disclosures, custody terms and local rules before using the products.
FAQ
What blockchains does Anchorage Digital custody MXNB across?
Anchorage Digital Bank custodies MXNB across Arbitrum, Base, Ethereum, Polygon, Avalanche and Arc.
Which dollar stablecoins did Bitso list in this partnership expansion?
Bitso listed USDPT, issued by Western Union, and USAT, issued by Tether.
What percentage of US-Mexico corridor payment volume does Bitso process?
Bitso processes 15% of the US-Mexico corridor's cross-border payment volume through its infrastructure.
