tl;dr
Bitfinex and Kraken will list USDQ and EURQ, two MiCA-compliant stablecoins developed by Quantoz on November 21. These Ethereum-issued tokens are fully backed by fiat currency and meet regulatory standards of the European Economic Area. Tether, in collaboration with Kraken and Fabric Ventures, inves...
Bitfinex and Kraken to List MiCA-Compliant Stablecoins USDQ and EURQ
Tether, Kraken, and Fabric Ventures have invested in Quantoz's regulated stablecoin project. Quantoz Payments CEO highlights the importance of well-regulated stablecoins under MiCA. Tether's investment in Quantoz may mitigate regulatory risk in the face of potential USDT delisting in the EEA. Quantoz's success with Euro-backed stablecoin EURD on Algorand blockchain and its diverse applications. EURQ and USDQ designed to provide compliant liquidity in secondary markets as part of MiCA-aligned digital assets offering. MiCA regulatory framework redefines global standards for stablecoins and digital assets.
Quantoz Debuting Stablecoins Backed by Tether Investment
Tether, Kraken, and Fabric Ventures invested in Quantoz's project, signaling strong support for its entry into the regulated stablecoin market. Quantoz Payments operates as an electronic money institution fully authorized and supervised by De Nederlandsche Bank (DNB). The MiCA regulation brings a new level of trust to digital assets markets, emphasized Arnoud Star Busmann, CEO of Quantoz Payments.
While Tether funded Quantoz’s USDQ and EURQ, it has yet to secure a MiCA license for USDT in the European Union. The debut of EURQ on Ethereum follows the success of Quantoz’s Euro-backed stablecoin, EURD, which runs on the Algorand blockchain, supporting various applications from e-commerce to Web3 and metaverse use cases.
Quantoz designed its USDQ and EURQ tokens to provide compliant liquidity in secondary markets, facilitating payments and electronic money transfers. The MiCA regulatory framework now positions the European market to redefine global standards for stablecoins and other digital assets.