El Salvador launches app for digital dollars via Coinbase’s Base network
El Salvador is preparing a government-backed stablecoin application on Coinbase’s Base network. The app is meant to let users hold and transfer dollar stablecoins and use them for cross-border remittances.
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Users who want to move dollar stablecoins would notice a new government-backed app tied to Coinbase’s Base network. That means the option to hold and transfer these tokens would be presented through an official application rather than only through other crypto services.
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