Quantoz Payments, a Netherlands-based company, has introduced two Ethereum-based stablecoins, EURQ and USDQ, to compete in the stablecoin market by adhering to European regulatory standards. These stablecoins will be listed on major cryptocurrency exchanges Bitfinex and Kraken, with both exchanges investing in Quantoz alongside venture capital firm Fabric Ventures.
By focusing on regulatory alignment and partnerships, Quantoz aims to target corporate payments, consumer ecosystems, and cross-border financial infrastructure. Tether, a stablecoin issuer, has backed Quantoz and provided access to its Hadron asset tokenization infrastructure. Quantoz’s EURDa, a regulated and programmable digital euro, was launched in October 2023 on the Algorand blockchain, targeting corporate treasury management and consumer payment ecosystems.
In contrast, EURQ is designed for broader market adoption, catering to crypto exchanges, cross-border payments, and secondary market applications. Both EURQ and USDQ are fully backed one-to-one by fiat reserves and highly liquid financial instruments, to be managed by an independent foundation under the supervision of the Dutch central bank, De Nederlandsche Bank, and segregated into tier-1 banks.
CEO Arnoud Star Busmann emphasizes the company’s commitment to regulatory compliance, noting that Quantoz became an electronic money institution and received a license from the Dutch Central Bank a year ago. The company aims to navigate the tightening regulatory landscape in the EU, as set by the Markets in Crypto-Assets (MiCA) framework.
Source
<p>The post Quantoz Payments: New Ethereum-based Stablecoins for European Market first appeared on CoinBuzzFeed.</p>
