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

📌 The Rundown:
• El Salvador is aiming to channel $9 billion in remittance flows through a new national app, Sivar, but will settle those transfers in stablecoins rather than Bitcoin, marking a clear split between everyday payments and the country’s Bitcoin‑first experiment.
• The app will leverage Coinbase’s Base layer‑2 infrastructure, enabling instant, low‑fee stablecoin settlements and opening a direct bridge for U.S. users to fund transfers via debit cards, thereby expanding cross‑border liquidity and reducing volatility risk for both senders and recipients.

🎯 Strategic Outlook:
By anchoring remittances in stablecoins, El Salvador positions itself as a practical, low‑risk use case for Web3 payments, potentially driving mass adoption of Base and Coinbase’s ecosystem while preserving the country’s Bitcoin‑centric narrative for broader economic experimentation.

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