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El Salvador targets $9 billion in transfers, but chooses stablecoins

El Salvador is shifting its focus to stablecoins for remittances through a new national app called Sivar, developed by Modveon and powered by Coinbase infrastructure. This move aims to separate everyday payments from the country's Bitcoin experiment.

El Salvador targets $9 billion in transfers, but chooses stablecoins
Image: CryptoSlate

El Salvador is shifting its focus to stablecoins for remittances through a new national app called Sivar, developed by Modveon and powered by Coinbase infrastructure. This move aims to separate everyday payments from the country's Bitcoin experiment.

Sources

  • CryptoSlate — El Salvador targets $9 billion in transfers, but chooses stablecoins

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