The Dutch fintech company, Quantoz Payments, has launched two new stablecoins, USDQ and EURQ, compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
What Are USDQ and EURQ
Quantoz’s stablecoins, USDQ and EURQ, are e-money tokens (EMTs) issued on the Ethereum blockchain. Fully backed by fiat reserves, these tokens ensure security and transparency for users. They are licensed by the Dutch Central Bank (DNB), reinforcing their credibility as a regulated financial product.
Advantages for Users
* Faster Transactions: Blockchain-based stablecoins offer near-instantaneous payments compared to traditional banking systems. * Cost Efficiency: Reduced fees make these tokens ideal for cross-border payments. * Regulatory Assurance: MiCA compliance ensures safety and builds trust among consumers and institutions.
Launch Details and Trading Plans
The USDQ and EURQ tokens will debut on Bitfinex and Kraken for eligible users starting November 21, 2024. These exchanges will serve as initial platforms for trading and liquidity, allowing users to experience the efficiency of these stablecoins in secondary markets and on-chain transactions.
With the launch of USDQ and EURQ, Quantoz aims to establish itself in the stablecoin market by emphasizing regulatory compliance, strong fiat backing, and integration with major exchanges and decentralized applications.
