Stacy Herbert

Director of El Salvador's National Bitcoin Office

Appears in 1 story

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El Salvador launches Sivar stablecoin app five years after Bitcoin law

Denied government backing for Sivar; insisted El Salvador remains a Bitcoin-only country

Five years after El Salvador made Bitcoin legal tender, its newest payments app runs on dollar stablecoins instead. On September 29, the government and Palo Alto startup Modveon launched Sivar, a $2 flat-fee US-to-El Salvador transfer service that settles on Coinbase's Base network.

Updated Sep 30