Coinbase2026-09-29 12:01:20Modveon’s Sivar plugs into Coinbase infrastructure and Base with $2 flat-fee transfers to El SalvadorCoinbase said in a post on X that Salvadorans sent $9 billion back home last year, and percentage-based remittance fees took millions of dollars out of those flows. The company said Sivar, a product under Modveon, has now integrated Coinbase infrastructure and Base. Under the setup, users in the United States can send any amount to El Salvador for a flat $2 fee. Coinbase added that the service already includes the cash-out route into fiat channels. The update centers on transfer pricing and payment rails rather than a broader product rollout, with Coinbase framing the move around lowering the cost of remittances to El Salvador.240
El Salvador2026-09-29 10:47:15El Salvador to launch Sivar app for dollar-pegged stablecoins on BaseEl Salvador is working on a government-backed app called Sivar, according to Odaily. The project is being developed with Modveon and comes five years after Bitcoin became legal tender in the country. The app is designed to let residents send, receive, and hold dollar-pegged stablecoins over Base, the blockchain network developed by Coinbase. It will also support remittances, a key payment use case in the country. Odaily said user verification on Sivar will be handled through government ID checks. The report did not disclose a launch date or additional product details.230
