Venezuela’s Conexus to integrate Bitcoin and stablecoins in banking system

Conexus, Venezuela’s leading payments processor, plans to integrate Bitcoin and stablecoins like Tether (USDT), into the country’s banking network.

The payments giant, which handles roughly 40% of electronic transfers in Venezuela, is eyeing a blockchain-based interbank network. Per a local report, the aim is to bring Bitcoin and stablecoin custody services to the banks’ customers. 

Conexus also sees the initiative as one that will bolster interbank transactions, with banks able to tap into fast and low cost cryptocurrency transfers. Customers will benefit from a system that helps mitigate hyperinflation and other currency woes.

Rodolfo Gasparri, president of Conexus, shared the firm’s idea during an interview with local news outlet Banca y Negocios.

“We are reaching a model of integration of payment methods,” he told the banking and technology news portal.

According to Gasparri, crypto and blockchain have evolved into an essential part of the global financial system, and integrating these across the banking infrastructure is “a natural and inevitable” step.

More Venezuelans using Bitcoin, stablecoins

Conexus has taken note of the explosion in the number of Venezuelans using cryptocurrencies and stablecoins.

Gasparri said more and more people see digital assets and stablecoins as a tool to hedge against hyperinflation. 

Tapping into blockchain technology to bring crypto deposits to bank customers is a major part of supporting this ecosystem, he added. But there’s more to blockchain.

“This provides a lot of security, because it regulates the circulation of bitcoins and USDT with transparency and appropriate regulations. The holder of these monetary assets is truly protected,” he added.

The impact of integrating Bitcoin and stablecoins in banking networks could be similar to how interbank mobile payments revolutionised the banking system, the Conexus president explained.

Conexus’ move aligns with broader milestones across the global financial industry.

Multiple banking giants and financial providers are allowing clients to buy crypto, trade, and custody BTC and other digital assets.

These banks include those in the US, such as JPMorgan, Morgan Stanley, and Bank of America.

SWIFT has also disclosed plans for a blockchain system, with migration of transactions on-chain targeting stablecoins such as USDT and other cryptocurrencies.

Regulators eye global stablecoin rules review

Bloomberg reported on October 31, 2025, that the explosion in demand and use of stablecoins has global regulators reexamining related banking rules. 

According to the publication, regulators are looking at banking rules pertaining to crypto holdings that are due to go into effect in 2026.

The regulation, as crafted in 2022, imposes heavy capital requirements on banks, a stance that has so far seen many lenders avoid crypto integration.

A review of the rules will update them to better align with the rapid stablecoin adoption. 

In 2025, the United States has been at the forefront of pushing for support for the sector with the GENIUS Act enacted into law this year, highlighting that push.

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