Quantoz Issues MiCA-Compliant Stablecoins EURQ and USDQ

user avatar

by Giorgi Kostiuk

2 years ago

Dutch fintech firm Quantoz Payments has unveiled two new stablecoins, EURQ and USDQ, backed by major players Tether, Kraken, and Fabric Ventures. These stablecoins are pegged to the euro and the U.S. dollar, fully compliant with the EU’s MiCA regulations.

Launch of Stablecoins EURQ and USDQ

Licensed as e-money tokens by the Dutch Central Bank, EURQ and USDQ aim to provide secure and efficient digital payment options across the European Economic Area. The tokens are set to debut on November 18, with further plans detailed in the 'Exchange Access' section.

MiCA Compliance and Market Confidence

The launch of EURQ and USDQ is a milestone for the EU’s regulated digital asset ecosystem. Fabric Ventures’ General Partner Anil Hansjee praised MiCA for streamlining stablecoin issuance. However, Tether CEO Paolo Ardoino expressed concerns about the systemic risks posed by MiCA's reserve requirements.

MiCA has streamlined stablecoin issuance across Europe.Anil Hansjee

Norway's Endorsement of MiCA

MiCA’s influence extends beyond the EU, with support from Norway’s central bank, Norges Bank. On November 9, Norges Bank endorsed MiCA while assessing its compatibility with a potential CBDC.

The introduction of EURQ and USDQ marks a significant moment in Europe’s digital finance journey, setting a precedent for regulatory compliance and market innovation in the global stablecoin landscape.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.