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

El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country's pioneering Bitcoin experiment. Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base, according to a Sept.

29 announcement. Users in the US can fund transfers with debit