
PANews|Oct 31, 2025 09:32
[Venezuelan Banking System to Integrate Bitcoin and Stablecoins]  
According to a report by (Bitcoin.com), Venezuelan payment processing company Conexus is developing a system to integrate Bitcoin and stablecoins into the national banking network. Once completed, banks will be able to provide custody, transfer, and fiat currency exchange services. Conexus President Rodolfo Gasparri stated that the use of stablecoins as a hedge against devaluation is driving the project's implementation. Conexus currently manages approximately 40% of electronic transfers. Analysts suggest the platform could go live as early as December, at which point token holders will be brought under the banking regulatory framework, enabling transparent and compliant circulation of BTC and USDT.
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