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Conexus, a payment‑processing company, is in the early development stages of a system to integrate stablecoins and bitcoin into Venezuela’s banking network. Rodolfo Gasparri, president of Conexus, said that current…
Richard Ujueta, president of Cavecom‑e (the Venezuelan Electronic Commerce Chamber), said that because of scarce dollar cash, most payment activity has moved to USDT. He added that banks should implement…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how USDT is overtaking…
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition: Venezuela moves its internal disbursements to USDT,…
According to local reports, Venezuela liquidated larger volumes in USDT than in dollars in September, executing a notable pivot toward stablecoins. This could be one of the first cases of…
The Venezuelan government is using USDT to receive payments for crude shipments, according to local sources. The move prevents a blockade of crude payments, allowing the Venezuelan government to supply…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how stablecoins have become…
Stablecoin adoption has grown in Venezuela as the government tightens controls to impose the official dollar exchange rate on businesses, which is much lower than the value of dollar-pegged tokens…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Trump administration’s newfound secondary…
The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan…