‘Fake News’: El Salvador Denies Stablecoin Pivot as Bitcoin Treasury Grows
politics
El Salvador has denied reports that it is pivoting away from Bitcoin toward stablecoins, calling the claims “fake news.” The government’s reported expansion of its Bitcoin holdings indicates that its strategic commitment to Bitcoin remains intact. The development reinforces El Salvador’s continued exposure to Bitcoin’s price volatility while signaling that stablecoins are not replacing its core Bitcoin treasury policy.
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