beincrypto.com
On November 21, Bitfinex and Kraken will list USDQ and EURQ, two MiCA-compliant stablecoins developed by Quantoz.
The rollout arrives as the Markets in Crypto Assets (MiCA) framework nears full enforcement in December. These Ethereum-issued tokens are fully backed by fiat currency and meet regulatory standards of the European Economic Area (EEA).
Quantoz Debuts Stablecoins Backed by Tether Investment
Tether, the largest issuer of stablecoins globally, joined forces with Kraken and Fabric Ventures to invest in the Netherlands-based project. Although the exact funding amount remains undisclosed, the involvement signals strong support for Quantoz’s entry into the regulated stablecoin market.
Quantoz Payments operates as an electronic money institution (EMI), fully authorized and supervised by De Nederlandsche Bank (DNB).
“The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market,” Arnoud Star Busmann, CEO of Quantoz Payments, said.
While Tether helped fund Quantoz’s USDQ and EURQ, it has yet to secure a MiCA license for USDT in the European Union. With MiCA regulations fully taking effect by the end of 2024, Tether’s status in the EEA remains uncertain. If USDT faces delisting in the region, Tether’s investment in Quantoz may serve as a strategic hedge against regulatory risk.
The debut of EURQ on Ethereum follows the success of Quantoz’s Euro-backed stablecoin, EURD, which runs on the Algorand blockchain. EURD powers various applications, from e-commerce and peer-to-peer payments to optimizing cash flow for European companies.
It also supports Web3 and metaverse use cases by offering compliant, low-cost settlements and enabling asset tokenization. As an Algorand Standard Asset (ASA), EURD demonstrates the company’s ability to create versatile, regulated digital currencies.
“E-money tokens (EMT) like the #EURD are the future of banking, payments, leverage, lending, dollar, remittance, education, and literally the entire global economy,” one X user said.
Quantoz designed its USDQ and EURQ tokens to provide compliant liquidity in secondary markets, supporting payments and electronic money transfers. These tokens are part of a growing roster of MiCA-aligned digital assets, optimized for integration with cryptocurrency exchanges.
The MiCA regulatory framework now positions the European market to redefine global standards for stablecoins and other digital assets.