According to Cointelegraph, VeriSCapital and Verda Ventures analyzed in a report that the Latin American stablecoin ecosystem is dependent on a small number of liquidity providers, posing potential vulnerabilities. The report stated, "Out of 494 companies surveyed, only 16 focused on wholesale stablecoin-fiat liquidity, corporate finance, and credit provision. If key providers' bank access is blocked, local currency exchange costs could rise, and withdrawals could be delayed or halted. However, data on trading volume and market share, which would show actual liquidity concentration, was not available."