El Salvador Denies Stablecoin Pivot as Sovereign Bitcoin Reserve Reaches 7,790 BTC

El Salvador's National Bitcoin Office has rejected claims that the country is abandoning its Bitcoin initiative for stablecoins, confirming its sovereign treasury has expanded to 7,790 BTC valued at over $652 million. The government reaffirmed its commitment to Bitcoin after adding 30 BTC to its reserves over the past 30 days. Officials clarified that the state ended direct involvement in retail crypto wallets following the sale of the state-managed Chivo Wallet to a private operator, drawing a line between third-party stablecoin remittance apps on the Base network and sovereign economic policy.