Firms Identified Latin American Stablecoin Liquidity Risks
Varys Capital and Verda Ventures found that only 16 wholesale providers manage stablecoin liquidity in Latin America.
Updated on Oct. 13, 2026 in Financial Services
Live Poll
Is it risky to rely on a small number of financial companies for your digital payments?
Analysts identified 16 wholesale stablecoin liquidity providers among 494 companies surveyed across Latin America. The firms warned that limited access to banking services has created significant liquidity concentration risks.
Why it matters
Stablecoins have become central to regional financial activity, but reliance on a small group of providers could widen conversion spreads and delay cash-outs. Diversifying banking relationships is essential for regional market stability.
Researchers identified 16 wholesale stablecoin-to-fiat liquidity providers from a pool of 494 analyzed companies. By June 2026, stablecoins reached 32.1 percent of cross-border crypto transaction value in the region.
The players
Varys Capital
An investment firm that partnered with Verda Ventures to analyze the stablecoin landscape.
Verda Ventures
A research entity that maintains the Stablescape database used to identify market participants.
The details
Using the Verda Ventures Stablescape database, researchers found that stablecoins represent 22.1 percent of domestic peer-to-peer activity and 17.6 percent of personal wallet balances. Experts suggested that clearer licensing, better banking access, and the development of local-currency stablecoins could help broaden liquidity.
Timeline
Average remittance growth reached 15 percent across Latin America in 2025.
Stablecoins accounted for 32.1 percent of cross-border crypto transaction value by June 2026.
Market Landscape
This study highlights an intensifying concentration of financial infrastructure that mirrors broader trends in the nascent digital asset sector. It positions the current stablecoin market as a fragile ecosystem struggling to bridge the gap between traditional banking and decentralized finance.
Customers relying on stablecoins for cross-border transactions may experience increased costs if provider access to banking services remains restricted. Businesses should monitor their liquidity providers to ensure they are not solely dependent on a single channel.
The takeaway
Regional reliance on a limited number of stablecoin providers introduces systemic risks that could impact daily conversion rates. Investors and users should prioritize platforms that maintain multiple, independent banking relationships to ensure continuous access to local currencies.
Further reading
Learn more about industry trends in Financial Services.
Source note: This article includes information reported by BitKE.
Live Poll
Is it risky to rely on a small number of financial companies for your digital payments?
