‘Fake News’: El Salvador Denies Stablecoin Pivot as Bitcoin Treasury Grows

Crypto Insight Summary: El Salvador’s National Bitcoin Office has dismissed reports that the country is pivoting to stablecoins, calling it “fake news,” and confirmed it has no plans to launch or run any crypto or stablecoin wallets. Government Denies Stablecoin Pivot El Salvador has dismissed a Bloomberg report that the country is turning to stablecoins nearly five years […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: El Salvador's denial of stablecoin pivot reduces speculation but has limited market impact.