The El Salvador government is collaborating with Modveon to develop a government-backed digital dollar application built on Coinbase's Base network. The platform will enable users to hold and transfer dollar-denominated stablecoins while facilitating cross-border remittances. This initiative marks a strategic expansion of El Salvador's digital asset framework beyond Bitcoin, which became legal tender in 2021 but has seen limited adoption for everyday payments. The stablecoin app aims to address practical payment and remittance needs that Bitcoin has not fully satisfied.