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News

Quantoz Launches MiCA Stablecoins USDQ And EURQ Backed By Tether

November 18, 2024 - Around 2 mins mins to read

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 Backed By Tether

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

MiCA

MiCA Stablecoins

Quantoz

Tether

Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

Quantoz Launches MiCA Stablecoins USDQ And EURQ Backed By Tether

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 Backed By Tether

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.