Regulation· ★★★· bearish·

El Salvador Shifts to Stablecoins as Bitcoin Payments Wane

  • —El Salvador is prioritizing stablecoins over bitcoin for payments
  • —Bitcoin usage in local transactions is declining
  • —The country previously launched a digital-dollar app built on Coinbase's Base network
Why it matters: A policy shift by the first bitcoin-tender nation could weaken the BTC payments narrative and strengthen stablecoins.
#BTC
Source: Google News (crypto query)
More on this
Regulation · yesterday
IMF: El Salvador's New Bitcoin Came From Donations, Not Purchases
 Regulation · Sep 22
IMF favors USDT in Bolivia but rejects bitcoin in El Salvador
 Regulation · 17:22
El Salvador launches digital dollar app on Coinbase's Base network