# El Salvador targets $9 billion remittance market with stablecoins

https://mins.news/en/item/79163

- CryptoSlate, 2026-09-29 18:40 UTC
- Economy
- Original: https://cryptoslate.com/el-salvador-targets-9-billion-in-transfers-but-chooses-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.

## Related coverage

- [El Salvador turns to dollar-backed stablecoins after Bitcoin experiment falls short](https://mins.news/en/item/78562) — Bloomberg News, 2026-09-29