The report " Global StableCoin As a Service (SCaaS) Blockchain Market, By Type (Fiat-collateralized, Crypto-collateralized and Non-collateralized Stablecoins), By Application (Commercials Banks, Global Businesses, Payments Processors, Crypto Exchanges and Remittance Companies) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029”
Key Highlights:
• Jan 2021: US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins, Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said in January 2021. The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could participate in independent node verification networks (INVNs, otherwise known as blockchain networks) or use stablecoins. The letter said these financial institutions can participate as nodes on a blockchain and store or validate payments.
• March 2018 French Firm Launches Euro Stablecoin With Monthly Attestations , A new euro-backed stablecoin has been developed through a partnership between the Lugh Company and crypto trading platform Coinhouse, both based in France.
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https://www.prophecymarketinsights.com/market_insight/Global-Stable...(SCaaS)-Blockchain-Market-4711
Key Market Insights from the report:
The Global StableCoin As a Service (SCaaS) Blockchain Market accounted for US$ 153.4 million in 2019 and is estimated to be US$ 920.1 million by 2029 and is anticipated to register a CAGR of 18.9%. The Global StableCoin As a Service (SCaaS) Blockchain Market is segmented based on the type, application, and region.
• By Type, the Global StableCoin As a Service (SCaaS) Blockchain Market is segmented into Fiat-collateralized, Crypto-collateralized and Non-collateralized Stablecoins.
• By Application, the Global StableCoin As a Service (SCaaS) Blockchain Market is segmented into Commercials Banks, Global Businesses, Payments Processors, Crypto Exchanges and Remittance Companies.
• By region, the Global StableCoin As a Service (SCaaS) Blockchain Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
The key players operating in the Global 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.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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