Regulation· ★★★· neutral·

El Salvador shifts to stablecoins for payments, keeps Bitcoin as reserve

  • —New Sivar app by Modveon uses stablecoins instead of Bitcoin for transfers
  • —Flat fee of $2 per transfer
  • —Mandatory Bitcoin acceptance was dropped in 2025 under an IMF agreement
  • —Control of the state Chivo wallet was handed to a private party
Why it matters: El Salvador has effectively split crypto's roles: stablecoins for payments and Bitcoin for savings, a model other countries may follow.
#BTC
Source: Newsbit
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