El Salvador launches digital dollar app on Coinbase's Base network
- —The app runs on Coinbase's Base blockchain
- —It complements Chivo Wallet, which supports dollars and bitcoin without fees
- —The goal is to ease remittances, a key part of El Salvador's economy
- —Bitcoin has been legal tender in El Salvador since 2021
Why it matters: Expanding El Salvador's digital payment rails could support broader bitcoin and stablecoin adoption in the country.
Source: Crypto Briefing