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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin's Price Volatility Linked to Federal Reserve's Interest Rate Decisions

Bitcoin's price volatility is influenced by the Federal Reserve's interest rate decisions, with current prices around $80,000 after a turbulent week.

user avatarDavid Robinson

Liquidity Concerns Pressure Datavault AI's Financial Outlook

Datavault AI is reassessing its liquidity and financing requirements following the Bitcoin access issues.

user avatarJacob Williams

Datavault AI Faces Major Investor Backlash Over Bitcoin Access Issues

Datavault AI's shares dropped nearly 50% due to issues accessing Bitcoin linked to a $150 million investment agreement.

user avatarSon Min-ho

Third-Party Bitcoin Custody Raises Concerns for Datavault AI

The reliance on third-party custody for Bitcoin transactions has come under scrutiny following Datavault AI's withdrawal issues.

user avatarZainab Kamara

Accounting Corrections Could Significantly Impact Datavault AI's Financial Statements

Accounting corrections could significantly impact Datavault AI's financial statements due to misclassification of Bitcoin assets.

user avatarAndrew Smith

JP Morgan Integrates JPM Coin with Ethereum Blockchain

JP Morgan announced the integration of its JPM Coin deposit token with the Ethereum blockchain, extending its services to eligible institutional clients.

user avatarAyman Ben Youssef

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.