LatAm Stablecoin Market Faces Liquidity Concentration Risks, Report Warns

The report drew on Chainalysis data showing that stablecoins made up 32.1% of Latin America's cross-border crypto transaction value by June 2026, 22.1% of domestic peer-to-peer activity, and 17.6% of personal wallet balances.

The firms noted that the study did not measure the actual extent of liquidity concentration, because the database does not track transaction volumes or market shares.

The report pointed to clearer licensing rules, improved banking access, and local-currency stablecoins as possible ways to broaden liquidity provision. Chu said resilience would depend on having multiple independent, well-capitalized providers with separate banking relationships.

Authorities in South Korea have approved measures to cut domestic access to 27 websites run by unregistered crypto platforms, including KuCoin and BitMart.