El Salvador Launches $2 Remittance App Settling in Stablecoins on Base

This is less about crypto adoption than about remittance economics: a fixed $2 fee and stablecoin settlement on Base positions Sivar against traditional corridor pricing, with Coinbase-backed Modveon and a state agency as the counterparties. The significance is that a sovereign entity is routing diaspora payments through a public chain, which puts execution risk on the rails and the five-year arrangement rather than on token price. Whether the model scales beyond one corridor, and how the state's Bitcoin agency balances this stablecoin-first design with its earlier posture, is the open question.