El Salvador's Digital Finance Evolution: Official App Sivar to Launch, Leveraging Stablecoins for a New US Dollar Remittance Experience

Five years after adopting Bitcoin as legal tender, El Salvador's government is shifting focus to a US dollar-pegged stablecoin. It announced the official app 'Sivar', developed with Modveon, to let users hold, send, and receive 'digital dollars' via Coinbase's Base network, specifically enhancing remittances, with user verification via government ID.

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