El Salvador picks USDC over USDT for stablecoin remittances

Homepage > News > Finance > El Salvador picks USDC over USDT for stablecoin remittances TL;DR: Coinbase (NASDAQ: COIN) is expanding its stablecoin payment partnership with Citi (NASDAQ: C), while El Salvador is launching a $2 remittance service using stablecoin settlement on Base, where USDC dominates. Verona has launched verUSD for agentic AI payments, and Morgan Stanley (NASDAQ: MS) is testing stablecoins, tokenization, CBDCs, and DeFi in a segregated digital asset lab. Key Takeaways: Coinbase expanded its Citi partnership to provide institutional clients with bank-account-like fiat and stablecoin payment capabilities. El Salvador’s new Sivar remittance service will charge a flat $2 fee, with transactions settling in stablecoins on Base. Verona launched verUSD, a dollar-backed stablecoin designed specifically for payments involving AI agents. Verona says it has secured more than $100 million in institutional commitments, including $60 million in signed, committed revenue. Morgan Stanley launched a Digital Asset Lab to test stablecoins, tokenized deposits and funds, CBDCs, and DeFi. The Coinbase digital asset exchange is striking stablecoin payment deals at home and abroa...