# El Salvador Shifts to Stablecoins

> El Salvador moves from bitcoin to stablecoins as payments decline.
- Title: El Salvador Shifts to Stablecoins · Pymnts | Shortify
- Summary: El Salvador moves from bitcoin to stablecoins as payments decline. El Salvador's government is shifting to stablecoins for remittances after bitcoin usage…
- Keywords: el salvador, stablecoins, bitcoin, remittances, nayib bukele, modveon, sivar, coinbase, base network, university of central america, international monetary fund, cryptocurrency
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/el-salvador-shifts-to-stablecoins-as-bitcoin-payments-wane
- Author: PYMNTS
- Published: 2026-09-29T14:20:07+00:00
- Read time: 1 min
- Topics: el salvador, stablecoins, bitcoin, remittances, nayib bukele, modveon, sivar, coinbase, base network, university of central america, international monetary fund, cryptocurrency
## El Salvador shifts to stablecoins
El Salvador's government is moving from bitcoin to stablecoins for remittances and payments.
## Bukele administration partners with Modveon
Nayib Bukele's government is working with software startup Modveon to develop Sivar, a government-backed platform for stablecoins.
## Sivar platform features
Sivar verifies users via government ID, allows sending money, posting content, live discussions, and voting in local elections.
## Stablecoin adoption in El Salvador
As of 2024, 92% of Salvadorans said they had not used bitcoin, and only 1.75% of remittances went through crypto wallets.
## Sivar's role in financial infrastructure
Stablecoins are becoming part of financial infrastructure without displacing traditional payment systems.
## What happens next
El Salvador will test Sivar before expanding to other markets, as Modveon focuses on Central American use cases first.
## Key takeaway

El Salvador's government is shifting to stablecoins for remittances after bitcoin usage dropped among its citizens.