El Salvador's Bitcoin Office clarified that the government is not supporting or operating Sivar, a new stablecoin remittance app designed for transfers between the US and El Salvador. The government also confirmed it has no plans to launch or manage any cryptocurrency wallets, including Bitcoin or stablecoin wallets. This statement follows the government's exit from the Chivo Wallet, which was sold to private operators. Sivar, developed by Modveon and using Coinbase infrastructure, allows users to transfer funds with a fixed $2 fee and withdraw cash at over 1,000 locations in El Salvador, with over 25,000 users registered before launch.
El Salvador's Bitcoin Office and the Sivar app are the subjects of this update. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 30, 2026 01:02 WIB: out of 50 major cryptocurrencies, 15 rose and 34 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a +11.14% change, ALGO (Algorand) at Rp2.240 with a -8.72% change, and CRV (Curve DAO Token) at Rp6.764 with a +8.59% change.
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