Quantoz to Launch New Stablecoins in the European Market

user avatar

by Giorgi Kostiuk

2 years ago

Dutch fintech company Quantoz is making its move into the stablecoin market in Europe, with plans to issue two new fully-backed stablecoins.

Launch of New Stablecoins

These coins, EURQ and USDQ, will be pegged to the euro and the US dollar respectively and will be backed by high-liquidity government assets and securities. Both stablecoins will be issued on the Ethereum blockchain, ensuring full compliance with all regulatory requirements.

Backing and Investment

Quantoz has secured an official license from the Dutch Central Bank, granting it the authority to issue stablecoins within the European Union. The company has attracted investment from several leading firms in the digital currency space, including Fabrik Ventures, Kraken, and Tether, which further underscores the confidence in Quantoz’s ambitious project.

Regulation and Prospects

The launch of Quantoz’s stablecoin comes at a critical time as European digital currency firms brace for new regulatory challenges. With the Markets in Crypto-Assets (MiCA) regulations set to take effect by the end of the year, all companies operating in the space will need to comply with these strict guidelines.

The launch of EURQ and USDQ significantly contributes to the development of stablecoins and the digital financial infrastructure in Europe amidst a rapidly changing regulatory 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

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

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.