Base Powers Instant USDC Transfers for Salvadorans at Flat $2 Fee

Base has announced a significant development in cross-border payments for Salvadorans. The company's USDC transfer service, powered by Sivar via Modveon, now charges a flat fee of $2 for any amount sent between the US and El Salvador, with settlements happening in seconds on Coinbase L2.

This move is part of Base's effort to target payment and remittance flows between these countries. By offering fast and affordable cross-border transactions, Base aims to extend El Salvador's crypto adoption and stablecoin usage history into real-time onchain rails.