Venezuela is set to integrate Bitcoin and stablecoins into its national banking network. More specifically, this major decision is a direct response to hyperinflation.
Conexus, a major Venezuelan payments company, is developing a crucial system. The company accounts for about 40% of the country’s electronic transactions, as USDT. As a result, Conexus is developing a banking system integration. So, it covers both Bitcoin and even stablecoins like Tether (USDT). Additionally, this planned service allows banks to provide different crypto services. Indeed, custody, transfers and fiduciary exchange are introduced.
A regulated framework offers security and stability in the face of Bolivar
This new system is expected to launch in December 2025. Additionally, Gasparri said currencies are volatile. Thus, the company is developing a blockchain project. As such, stablecoins are a popular choice for hedgers in Venezuela. Additionally, two approved applications are already implemented in the country. Therefore, this integration will significantly transform the current outlook of cryptocurrencies in this country.
Related reading: Stablecoin adoption increases in Venezuela amid growing tensions | Live Bitcoin News
Additionally, this powerful gesture provides a lot of security. More specifically, holders will be covered by formal banking regulations. As a result, this controls the flow of both Bitcoin and USDT. In addition, it has appropriate regulations and high transparency. Thus, the holders of these new monetary assets are truly protected. Indeed, this integration constitutes a historic step for the Venezuelan banking system.
Although this issue is still being studied in other countries, Venezuela is already creating it. So this sets a great precedent for others around the world. As a result, the initiative allows citizens to use digital assets in a newly regulated way. Additionally, this has a direct response to the depreciation of the bolivar. In particular, the currency remains subject to severe hyperinflation.
The new system will allow local banks to provide essential services. Specifically, this includes crypto custody services. Additionally, banks can control transfers and exchanges. As a result, there is a direct exchange of crypto currency and fiat currency. Additionally, each transaction goes through customers’ existing bank accounts. Thus, the project is a direct reaction to the growing public use of stablecoins. Indeed, citizens use cryptography to protect their savings.
Conexus interbank network sets precedent for global inflation models
Concretely, Conexus is leading the entire project. It works on an interbank platform based on blockchain. In this way, this advanced network will contribute to the seamless integration of digital assets. In addition, the project has a direct impact on the high volatility and economic instability of the country. In fact, stablecoins provide an essential hedge to the national currency.
Ultimately, the new system aims to improve security and compliance. This is therefore done by subjecting digital assets to a solid regulatory framework. Therefore, this decision is expected to soon create a higher level of public trust. Furthermore, successful integration has potential consequences on a global scale. Thus, the Venezuelan decision could become a precedent.
Additionally, analysts currently believe that the entire platform could launch in a short period of time. In fact, this implementation would take place as early as December 2025. This launch, according to Gasparri, will constitute a revolutionary change for the banking system. In addition, banks will soon be able to speak directly to holders of cryptocurrencies. Thus, this will officially legalize the use of Bitcoin and stablecoins. Indeed, it has dramatically accelerated the pace of financial innovation.
