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Crypto

Coinbase-based Sivar launches for U.S.-El Salvador remittances at $2

Sivar, a stablecoin-based service supporting remittances between El Salvador and the United States, has launched nationwide. Modveon said it develops, operates and expands the service under a five-year contract with El Salvador public agency AAB. Coinbase provides the payments infrastructure, with transactions settled in stablecoins on Ethereum layer-2 Base. Remittances carry a flat $2 fee, with a $25 minimum. Accounts differ over direct government operation.

Crypto

Bitwise cites four areas that benefited from Clarity bill stall

Bitwise pointed to the U.S. Securities and Exchange Commission\'s swift regulatory response as a reason crypto markets stayed strong after the Clarity market structure bill stalled in the U.S. Senate. Matt Hougan said the setback left several areas better off, including stablecoins, crypto exchanges, tokenization platforms and revenue-generating tokens. He cited SEC steps such as a conditional exemption for trading tokenized U.S. listed shares and guidance in an FAQ.

Crypto

AllUnity launches dollar-pegged USDAU stablecoin

European stablecoin issuer AllUnity has launched USDAU, a stablecoin pegged to the U.S. dollar. The launch expands its lineup of fiat-backed stablecoins regulated under the EU\'s Markets in Crypto-Assets (MiCA) rules to four. USDAU is designed to maintain a 1-to-1 value with the dollar and will initially support networks including Ethereum and Solana. Its CEO said Europe’s concern is oversight and enforceable redemption rights, not the dollar itself.