Venezuela's banking system plans to integrate Bitcoin and stablecoins.

PANews reported on October 31st that, according to Bitcoin.com, Venezuelan payment processing company Conexus is developing a system to integrate Bitcoin and stablecoins into the national banking network. Once completed, the system will allow banks 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 say the platform may launch as early as December, at which time holders will be included in the banking regulatory framework, involving the transparent and compliant circulation of BTC and USDT.