The Dutch fintech company, Quantoz Payments, has introduced USDQ and EURQ stablecoins that comply with the European Union’s MiCA regulation, supported by companies like Tether and Kraken. These tokens aim to provide secure, regulated digital payment solutions across the European Economic Area (EEA).
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 to ensure security and transparency for users. The Dutch Central Bank (DNB) licenses them, reinforcing their credibility as a regulated financial product.
Advantages for Users
Blockchain-based stablecoins offer near-instantaneous payments compared to traditional banking systems. Reduced fees make these tokens ideal for cross-border payments. 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. Quantoz plans to leverage the Ethereum blockchain for these stablecoins, which facilitates faster, transparent, and cost-effective digital payments compared to traditional infrastructure.
With the launch of new stablecoins USDQ and EURQ, Quantoz aims to carve out its market share by focusing on regulatory compliance and strong fiat backing. The company is also developing a tokenization business, creating digital versions of traditional financial instruments like bonds.
