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Bukele Turns to Stablecoins as Bitcoin Payments Fail to Catch On

Bloomberg Technology Tuesday 29 September 2026, 10:00 UTC By Maria Clara Cobo 1 min read
Key Points

Five years after El Salvador made Bitcoin legal tender in a bid to reinvent how money moves through the economy, the government is turning to a different crypto technology for the job: dollar-backed stablecoins.

Five years after El Salvador made Bitcoin legal tender in a bid to reinvent how money moves through the economy, the government is turning to a different crypto technology for the job: dollar-backed stablecoins.
Bukele Turns (PERSON) El Salvador (LOCATION) Bitcoin (ORG)
Originally published by Bloomberg Technology Read original →

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