✉news BusinessCrypto first seen 17 h ago, last 1 h ago, peak #4
El Salvador Shifts to Stablecoins as Bitcoin Payments Wane
El Salvador is reportedly pivoting its crypto strategy toward stablecoins as daily bitcoin payments decline among businesses and consumers. The country, which made bitcoin legal tender in 2021, is seeing adoption of dollar-pegged stablecoins grow in everyday transactions, prompting discussion about whether the original bitcoin experiment is losing practical traction.
Why now: The country was the first to adopt bitcoin as legal tender, so any sign its payments are waning draws wide attention.
Rank over time, top of the chart is #1. 13 snapshots from 17 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/370218