By Nynu Jamal Key highlights: El Salvador launches Sivar with Modveon to connect citizens, businesses, and government institutions Stablecoins power cross-border payments, with transfers settled on Coinbase’s Base network Bitcoin remains part of El Salvador’s strategy, but its role in everyday payments is changing El Salvador is bringing stablecoins into a new national digital platform […]
Tag: IMF
Key highlights: Mastercard has added BVNK to its growing portfolio after completing a major acquisition The deal will complement Mastercard’s growing ambitions to offer advanced stablecoin payment functionality The exact valuation of the acquisition is unknown, but sources say it is in the region of $1.8 billion Mastercard has completed its acquisition of stablecoin infrastructure […]
Key highlights: The IMF says Brazil’s dependency on stablecoins could have far-reaching effects for the broader economy. Stablecoins have led Brazil’s crypto market growth for nearly 10 years, with dollar-denominated assets leading the charge. Tether’s USDT holds a sizable share of the market, followed by Circle’s USDC. The International Monetary Fund (IMF) has called for […]