Key Points:
- Quantoz’s MiCA Stablecoins USDQ and EURQ launch with Tether’s support, ensuring compliance and transparency in the EU market.
- Backed by fiat and listed on Kraken and Bitfinex, USDQ and EURQ aim to redefine Europe’s stablecoin ecosystem under MiCA regulations.
Quantoz launches MiCA Stablecoins USDQ and EURQ pegged to the dollar and euro. With backing from Tether, Kraken, and others, these coins offer compliance and innovation.
Quantoz Launches MiCA Stablecoins USDQ and EURQ
Pre-December’s MiCA regulatory deadline, Quantoz Payments unveiled two stablecoins: the USDQ and EURQ, pegged to the U.S. dollar and euro, respectively. The tokens are fully collateralized by fiat and highly liquid financial instruments to ensure their stability and to provide total transparency to the token users. These stablecoins are set to be listed on Bitfinex and Kraken to meet the growing demand for compliant digital assets in the European crypto market.
With Tether, Kraken, and Fabric Ventures behind it, Quantoz says it continues to make innovation and regulation, not mutual exclusives. Under MiCA, the licensed entity under the Dutch Central Bank will also hold 2% of these tokens on its balance sheet. This places Quantoz in a position to compete against the market leaders with a trusted solution for blockchain-based transactions, according to The Block.
Read more: MiCA Crypto Alliance: Ripple, Hedera, and Aptos Join
Tether’s Backing Strengthens MiCA Stablecoins
Tether’s investment in Quantoz underlines the appreciation of regulatory-compliant stablecoins such as USDQ and EURQ. The launch falls in line with Tether’s objective to encourage innovative regulated digital asset solutions while the status of USDT remains uncertain in light of compliance with MiCA rules.
While Tether waits for a license to operate USDT in Europe, this move with Quantoz marks a strategic step in securing market representation. The chief executive of Quantoz, Arnoud Star Bussmann, said in an interview that he is grateful for the collaboration, adding that the backing allows them to provide solutions across both crypto-native and traditional finance sectors. With major platforms such as Bitfinex and Kraken listing these tokens, Quantoz is about to play a key role in Europe’s changed stablecoin landscape.
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Source: Coincu
