Global StableCoin As A Service (SCaaS) Blockchain Market Overview
A stablecoin is a cryptocurrency that has been designed with the aim of minimizing price volatility. Most stablecoins have been designed to be equal to the US dollar, the world’s leading reserve currency. For example, a single currency unit of the largest stablecoin, Tether (USDT), is intended to be equal to one US dollar, and for the roughly three years that Tether has been actively traded in public cryptocurrency markets its exchange rate has proven to be generally reliable in delivering on this design objective. SCaaS is a PSD2 compliant solution that enables companies to become the issuer of their own stablecoin and to create an ecosystem in which merchants and customers can exchange tokens pegged to a fiat currency with a guaranteed exchange rate in a trusted and compliant manner. Many in the Fintech world believe that the widespread use of cryptocurrencies and blockchain technologies may bring fundamental changes to the financial services industry and the payments industry in particular. However, the volatility of existing popular cryptocurrencies such as bitcoin (BTC) or ether (ETH) significantly reduces their usefulness for making (everyday) payments and can make token ecosystems unstable. Therefore, there is an increasing demand for digital tokens that represent stable values, so called 'stablecoins'. Often, these tokens are designed to trade at parity with fiat currencies, such as the dollar. However, many of these stablecoins miss the trust that comes with transparency and compliance. In response to the demand for transparent and compliant stablecoins, the StableCoin as a Service (SCaaS) solution was created.The StableCoin As a Service (SCaaS) Blockchain Market accounted for US$ 750 Million in 2024 and is estimated to be US$ US$ 2983.3 Million by 2034 and is anticipated to register a CAGR of 14.8%.
Global StableCoin As A Service (SCaaS) Blockchain Market Dynamics
Faster Speed
Stablecoins make various financial processes faster. Escrow is streamlined by smart contracts utilizing stablecoins. Settlement and banking with stablecoins allow for transactions at all hours because the blockchain operates independently of a central institution with set hours.
Lower Fees
Credit card processing fees across major credit card companies such as Visa, MasterCard, and AmEx average about 2 percent per transaction. Because of this, many smaller businesses charge customers more for credit card purchases, prohibit the use of certain cards with higher fees, or even take cash only. However, these high costs of transaction can be circumvented through the use of stablecoins, providing value for both businesses and customers.
Potential Risks & Vulnerabilities
Although Stablecoins promise stability or facilitate a faster payment/ remittance mechanism, it is only one side of the coin- what lies on the other side is the potential risks and vulnerabilities associated with it. It is important to note that a common observation across international bodies like FSB, IOSCO, and G20 has been that while Stablecoins/ GSCs have the potential to contribute to developing new global payment arrangements, an expansion or splurge (a most expected one) may indeed pose a systemic risks to the financial system and significant risks to the real economy, including substitution of domestic currencies.
Global StableCoin As A Service (SCaaS) Blockchain Market Segmentation
Source: Prophecy Market Insights
The StableCoin As a Service (SCaaS) Blockchain Market is segmented based on type, application, and region.
On the basis of Type, the target market is segmented into Fiat-collateralized, Crypto-collateralized and Non-collateralized Stablecoins. On the basis of Application, the target market is segmented into Commercials Banks, Businesses, Payments Processors, Crypto Exchanges and Remittance Companies.
Regional Insights:
On region the Small Payment Institution Money Transfer Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The leading home for stablecoin project teams is the US (19), with Europe (13) the second most popular location. Within Europe Switzerland (5) leads, followed by the UK (3). Interestingly, two leading cryptocurrency trading locations, China and Japan, do not have a stablecoin project team based inside their countries.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
|
Market Segmentation |
By Type- Fiat-collateralized, Crypto-collateralized and Non-collateralized Stablecoins By Application– Commercials Banks, Global Businesses, Payments Processors, Crypto Exchanges and Remittance Companies |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the StableCoin As a Service (SCaaS) Blockchain Market report based on product, site of collection, application, and region.
StableCoin As a Service (SCaaS) Blockchain Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global StableCoin As A Service (SCaaS) Blockchain Market Key Players
The key players operating in the StableCoin As a Service (SCaaS) Blockchain Market includes Paxos Trust Company, LLC, Antier Solutions Pvt. Ltd, Tech Mahindra, Sara Technologies Inc., Somish Solutions Limited, Prolitus, Blockchain App Factory, MINDDEFT TECHNOLOGIES PVT LTD, LeewayHertz and Quantoz NV. For Instance, In April 2021 Tech Mahindra to launch ‘Stablecoin-as-a-Service’ Blockchain Solution with Quantoz for Global BFSI Customers, Tech Mahindra and Quantoz, Netherlands-based innovative Blockchain technology application incubator, specialized in building and implementing Blockchain-based solutions, to launch ‘Stablecoin-As-A-Service’ blockchain solution for global banks and financial institutions. The usage of Stablecoins as a payment mechanism has significant potential to reduce transaction costs and processing time, while providing auditability and enhancing security.
Global StableCoin As A Service (SCaaS) Blockchain Market Company Profile
- Paxos Trust Company, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Antier Solutions Pvt. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Tech Mahindra
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Sara Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Somish Solutions Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Prolitus
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Blockchain App Factory
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- MINDDEFT TECHNOLOGIES PVT LTD
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- LeewayHertz
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Quantoz NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
Global StableCoin As A Service (SCaaS) Blockchain Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Stablecoin as a Service (SCaaS) Blockchain Market Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Market Features
- Major companies stablecoins
- COVID-19 Survey Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Trends
- Stablecoin Ecosystem
- Challenges in Stablecoin as a service (SCaaS)
- Key Highlights
- Market Dynamics
- Stablecoin as a Service (SCaaS) Blockchain Market, By Type, 2024-2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024-2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Fiat-collateralized
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Crypto-collateralized
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Non-collateralized Stablecoins
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Overview
- Stablecoin as a Service (SCaaS) Blockchain Market, By Application, 2024-2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024-2034
- Y-o-Y Growth Analysis (%), 2024-2034
- Segment Trends
- Commercials Banks
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Payments Processors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Global Businesses
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Crypto Exchanges
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Remittance Companies
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024-2034
- Overview
- Stablecoin as a Service (SCaaS) Blockchain Market, By Region, 2024-2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2024-2034
- Y-o-Y Growth Analysis (%), 2024-2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type , 2024-2034
- Market Size and Forecast (US$ Mn), By Application, 2024-2034
- Market Size and Forecast (US$ Mn), By End User, 2024-2034
- Market Size and Forecast (US$ Mn), By Country, 2024-2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type , 2024-2034
- Market Size and Forecast (US$ Mn), By Application, 2024-2034
- Market Size and Forecast (US$ Mn), By Country, 2024-2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type , 2024-2034
- Market Size and Forecast (US$ Mn), By Application, 2024-2034
- Market Size and Forecast (US$ Mn), By Country, 2024-2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type , 2024-2034
- Market Size and Forecast (US$ Mn), By Application, 2024-2034
- Market Size and Forecast (US$ Mn), By Country, 2024-2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type , 2024-2034
- Market Size and Forecast (US$ Mn), By Application, 2024-2034
- Market Size and Forecast (US$ Mn), By Country, 2024-2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Paxos Trust Company, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Antier Solutions Pvt. Ltd
- Tech Mahindra
- Sara Technologies Inc.
- Somish Solutions Limited
- Prolitus
- Blockchain App Factory
- MINDDEFT TECHNOLOGIES PVT LTD
- LeewayHertz
- Quantoz NV
- Paxos Trust Company, LLC
- The Last Word
- About Us
- Contact
FAQs
The StableCoin As a Service (SCaaS) Blockchain Market is segmented based on type, application, and region.
Faster Speed and Lower Cost are the major factor driving growth of the global market
The leading home for stablecoin project teams is the US (19), with Europe (13) the second most popular location. Within Europe Switzerland (5) leads, followed by the UK (3). Interestingly, two leading cryptocurrency trading locations, China and Japan, do not have a stablecoin project team based inside their countries.
The key players operating in the StableCoin As a Service (SCaaS) Blockchain Market includes Paxos Trust Company, LLC, Antier Solutions Pvt. Ltd, Tech Mahindra, Sara Technologies Inc., Somish Solutions Limited, Prolitus, Blockchain App Factory, MINDDEFT TECHNOLOGIES PVT LTD, LeewayHertz and Quantoz NV.