El Salvador's National Bitcoin Office has rejected reports that the country is shifting its focus to stablecoins, clarifying it has no plans to launch or manage any crypto or stablecoin wallets. This statement follows the sale of the state-run Chivo Wallet to private owners, signaling a move away from direct government involvement in crypto payment infrastructure. Despite speculation fueled by a new remittance app using stablecoins, El Salvador continues to expand its bitcoin holdings, recently acquiring 30 more BTC to reach a total of 7,790 BTC, worth over $652 million. The government maintains its commitment to bitcoin as a strategic asset while allowing private enterprises to handle financial software operations.
El Salvador's bitcoin holdings total 7,790 BTC, valued at over $652 million, highlighting its ongoing commitment to bitcoin despite stablecoin speculation. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 30, 2026 22:03 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell. Notable movers include FIL (Filecoin) at Rp18.813 with a 5.28% decline, CRV (Curve DAO Token) at Rp6.924 down 4.60%, and XLM (Stellar) at Rp3.988 down 4.11%.
Mt. Gox, the defunct Bitcoin exchange that collapsed in 2014, still controls about 34,387 BTC worth $2.88 billion. The trustee overseeing repayments has set a final deadline of October 31, 2026, to distribute the remaining coins to creditors. Since 2...
Quant (QNT) cryptocurrency surged 4.21% within one hour on September 30, rising from $286 to $298 in Binance spot trading. This move extended its 24-hour gain to 21.3%, reflecting strong market interest. Quant is ranked 32nd by market capitalization,...
Dogecoin is trading just below a critical supply zone at $0.098, where roughly 28 billion DOGE changed hands, creating strong resistance. The market shows a high leverage ratio with $1.5 billion in open futures positions, six times the spot volume, i...
Stripe has made Open USD (OUSD), a stablecoin developed by a consortium including Visa, Mastercard, American Express, and Coinbase, its default stablecoin for business payments. Unlike typical stablecoins where the issuer keeps the reserve earnings, ...
Tempo plans to launch Open USD (OUSD), a stablecoin designed specifically for business payments, settlement, and treasury functions on its Layer 1 blockchain. This blockchain infrastructure supports stablecoin fees, fast transaction finality, and a d...
