Venezuela's Largest Bank Will Soon Integrate Bitcoin and USDT
Venezuela is preparing to take a big step forward by combining traditional banking with digital assets. Conexus, one of the country's largest payment companies, is working to integrate Bitcoin and stablecoins directly into the national banking system.
If successful, the Conexus model could inspire other countries to follow suit.
Venezuelan Banks to Add Bitcoin and Stablecoins
Venezuela has struggled for years with a collapsing currency and hyperinflation, forcing many citizens to turn to cryptocurrencies for financial stability. Meanwhile, Conexus, which currently handles nearly 40% of the country’s electronic transfers, now plans to become a key part of Venezuela’s financial network.
Now, the company wants to go further by allowing local banks to offer direct crypto services, including custody, transfers, and fiat exchange for Bitcoin and stablecoins.
The initiative, scheduled to launch in December 2025, would mark a major step forward in Venezuela's financial modernization. If successful, Venezuela would become one of the first countries in the world to fully integrate cryptocurrency into its national banking network.
Stablecoin Use on the Rise Amid Currency Crisis
Venezuela’s national currency, the bolivar, has been losing value sharply, prompting many Venezuelans to turn to stable cryptocurrencies like USDT (Tether), according to Conexus President Rodolfo Gasparri. Many Venezuelans are now using the digital dollar to protect their assets from inflation and make daily transactions.
Gasparri noted that this growing trend shows the need for a safer and smoother bridge between banks and the crypto world.
The new system will allow users to handle cryptocurrencies directly through their bank accounts without the need for an external application. Built on the blockchain platform , the system aims to secure transactions and build trust in the use of tightly regulated cryptocurrencies.
A model for other countries
Analysts believe Conexus’ plan could reshape Venezuela’s financial landscape by merging traditional banking with cryptocurrencies. The company is now building a bridge between fiat and digital currencies, something that could give millions of people easy access to stable, low-cost financial instruments.
If successful, it could become a model for other countries facing currency instability.