• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Quantoz Issues MiCA-Compliant Stablecoins EURQ and USDQ

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

OTC Derivatives Pricing Transformed Since 2008 Financial Crisis

chest

The OTC derivatives pricing landscape has shifted from single risk-free rate models to complex multicurve frameworks and regulatory considerations.

user avatarAisha Farooq

Eight Expert Strategies to Unlock Derivative Profitability

chest

Unlock unparalleled derivative profitability by mastering eight expert-level strategies.

user avatarLi Weicheng

The Importance of XVA Adjustments in Derivative Pricing

chest

The importance of XVA adjustments in derivative pricing, including CVA, MVA, KVA, and LVA, is crucial for accurate pricing and reducing transaction costs.

user avatarTenzin Dorje

XRP Price Prediction Shows Potential for Breakout

chest

Analysts predict a potential breakout for XRP prices, with key resistance levels identified between 260 and 266.

user avatarMohamed Farouk

Bonk Transitions from Meme Coin to Nasdaq Listing

chest

Bonk has evolved from a meme coin to a serious project, recently rebranding and preparing for a Nasdaq listing.

user avatarBayarjavkhlan Ganbaatar

Avalanche and Binance Coin Show Strong Market Performance

chest

Avalanche and Binance Coin are showing strong market performance with significant price movements and strategic developments.

user avatarElias Mukuru

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.