#BTC y stablecoins Conexus, the processing network of Venezuela, plans to use interbank blockchain with stablecoins to create a network where banking clients can make deposits and other transactions, leveraging the stability of stablecoins to mitigate the volatility of local currencies. The initiative aims to integrate stablecoins into the banking system in a way that benefits the end user. Project Objectives

Facilitate the use of stablecoins: 

Allow banking clients to make deposits and daily operations with stablecoins, with the idea that the money is reflected in their bank account.

Connect the existing financial infrastructure: 

Integrate stablecoins within the existing banking infrastructure, similar to how Visa and Mastercard connect thousands of banks and merchants.

Offer a unified regulatory framework: 

Ensure that stablecoins entering the financial circuit can be redeemed at face value and under a common regulatory compliance framework. 

Context in Venezuela

Increase in the use of stablecoins: 

The use of stablecoins has expanded in Venezuela as a form of coverage against economic volatility and to conduct faster transactions. 

Adoption by companies and the State: 

Companies and the Venezuelan State itself have begun to use stablecoins for payments, such as in the case of payments for oil sales. 

Platforms and exchanges: 

There are platforms that facilitate the exchange of bolívares for crypto assets and authorized exchanges for transactions.