El Salvador Launches a $2 Remittance App That Settles in Stablecoins

El Salvador launched Sivar, a $2 remittance app built by Coinbase-backed Modveon under a five-year deal with the country's Bitcoin Fund Management Agency. The app settles transfers from the U.S. in a stablecoin on Base, offering a low-cost alternative for cross-border payments and promoting stablecoin adoption.