# El Salvador turns to dollar-backed stablecoins after Bitcoin experiment falls short

https://mins.news/en/item/78562

- Bloomberg News, 2026-09-29 11:56 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-09-29/bukele-turns-to-stablecoins-as-bitcoin-payments-fail-to-catch-on

> El Salvador was the first country to make Bitcoin legal tender. Five years later, the experiment has done little to make cryptocurrency a mainstream payment method, prompting President Nayib Bukele to turn to dollar-backed stablecoins.

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