✉news BusinessCrypto first seen 20 h ago, last 3 h ago, peak #4
El Salvador Shifts to Stablecoins as Bitcoin Payments Wane
El Salvador is reportedly moving toward stablecoins for everyday payments as actual bitcoin use among consumers and merchants declines. The country, which made bitcoin legal tender in 2021, is seeing lower-than-hoped transaction volumes in bitcoin, and dollar-pegged stablecoins are emerging as the more practical digital payment option, prompting fresh debate about the future of the country's crypto policy.
Why now: It signals a reversal or recalibration of El Salvador's pioneering bitcoin legal tender experiment.
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