Modveon Unveils El Salvador’s Sivar App for Dollar Transfers on Base
Modveon said its Sivar app is live in El Salvador as a government-backed service for holding and sending dollar stablecoins on Base, including transfers between the U.S. and El Salvador. The app’s terms of service name Circle’s USDC as a supported stablecoin and describe self-custodial use. [18758] Sivar charges eligible US senders $2 per transfer and offers more than 1,000 cash pickup locations. Coinbase settles Sivar payments in stablecoins on Base. [26038]
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People sending or receiving money through Sivar in El Salvador are the ones who notice this first, because the app is already live and includes transfers between the U.S. and El Salvador. The service is tied to cash pickup locations, so the practical touchpoint is not only the app itself but also the places where recipients can collect funds.
Compared with a plain wallet app, Sivar is presented as a government-backed service with USDC support and self-custodial terms, while payments are settled in stablecoins on Base. That means the working setup now includes both the app’s storage and transfer features and the Base settlement flow, rather than only one side of the transaction.
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