Quantoz Rolls Out MiCA-Compliant Euro and USD Stablecoins with Tether Funding 🔗

On November 21, Bitfinex and Kraken will list USDQ and EURQ, two new MiCA-compliant stablecoins from Quantoz. These tokens, issued on Ethereum, are backed by fiat currency and align with the European Economic Area's regulatory standards.

Tether, the world's leading stablecoin issuer, alongside Kraken and Fabric Ventures have invested in Quantoz, signaling support for its regulated stablecoin venture. While the funding amount remains private, the investment marks Tether's strategic alignment with Quantoz amidst potential regulatory challenges in the EU.

Quantoz Payments, authorized by De Nederlandsche Bank, leads the project. CEO Arnoud Star Busmann highlights MiCA's role in enhancing trust in digital markets through its prudential requirements, emphasizing speed and security in digital payments.

Despite backing Quantoz, Tether has yet to secure a MiCA license for USDT in the EU. With full MiCA regulations approaching by 2024's end, Tether's status in the EEA may be at risk, making its investment in Quantoz a strategic measure against regulatory hurdles.

EURQ's launch on Ethereum succeeds Quantoz's EURD, a Euro-backed stablecoin on Algorand, used in e-commerce, payments, and European company cash flow optimization. EURD also supports Web3 and metaverse settlements, showcasing Quantoz's digital currency proficiency.

Quantoz's USDQ and EURQ offer compliant liquidity for secondary markets, aiding payments and e-money transfers. These tokens are part of growing MiCA-aligned assets, redefining stablecoin standards in the European market.