EconomyEl Salvador targets $9 billion remittance market with stablecoins
El Salvador’s new Sivar payments app, developed by Modveon with Coinbase infrastructure, will settle remittances in stablecoins on Base. The country still promotes Bitcoin, but dollar-backed tokens are increasingly used for everyday payments. Sivar will charge $2 per transfer, with cash withdrawals available at more than 1,000 locations.
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CryptoSlate★★★☆☆2026-09-29 18:40Original
El Salvador targets $9 billion remittance market with stablecoins
Economy