Quantoz Introduces MiCAR-Compliant EURQ and USDQ Stablecoins Backed by Tether’s Hadron Platform

• EURQ and USDQ comply with MiCAR, ensuring transparency and security in Europe’s financial transactions.
• The partnership with Tether leverages its Hadron platform for cutting-edge tokenization and compliance tools.
• Backed by Kraken and Fabric Ventures, EURQ and USDQ aim to revolutionize cross-border payments in the European stablecoin market.

A Dutch financial technology company, Quantoz, has recently introduced two stablecoins, EURQ and USDQ, which the MiCAR has approved. Both tokens are pegged to Euro and USD.

Additionally, this token’s main purpose and functionality is to serve as a safe, and clear replacement for conventional payment methods. The debut is backed by Tether, Kraken, and Fabric Ventures, making it a major step in the European stablecoins market.

Integration with Tether’s Hadron Platform

Quantoz utilized Tether’s Hadron platform to issue EURQ and USDQ, making it the first public user of the system. The Hadron platform is a non-custodial solution for tokenizing real-world assets, offering robust compliance features such as KYC, AML, and KYT controls. It also includes risk management tools and market monitoring for seamless integration across blockchains and centralized exchanges.

According to Tether CEO Paolo Ardoino, the collaboration underscores Tether’s commitment to advancing secure and compliant financial tools. The partnership allows Quantoz to leverage the full capabilities of Hadron to tokenize assets across multiple classes. This revolutionizes the global use of digital assets.

Backing and Regulatory Compliance

EURQ and USDQ maintain a 1:1 backing with fiat reserves, including liquid financial instruments like government bonds. The team holds these reserves in segregated accounts to comply with the European Union’s MiCAR regulation.

In addition, Quantoz has set aside an extra 2% of reserves on its balance sheet to meet MiCAR obligations for stablecoin issuers.

Licensed as an Electronic Money Institution by the Dutch Central Bank, Quantoz ensures the stability and transparency of its stablecoins. The tokens are positioned to enhance financial transactions with reduced costs and increased efficiency.

Upcoming Listings and Market Expansion

EURQ and USDQ will be listed on major cryptocurrency exchanges, including Kraken and Bitfinex, starting November 21. The launch contributes to the $200 billion stablecoin market, where Tether holds a leading share of over $127 billion.

This development aligns with the broader trend of integrating stablecoins into financial systems, as demonstrated by Ripple’s recent partnership with Societe Generale-Forge to integrate EURCV into the XRP Ledger. The success of these stablecoins could accelerate mainstream adoption, opening new opportunities for financial transactions and promoting inclusivity across global markets.

The collaboration between Quantoz and Tether highlights the growing role of technology in shaping the future of tokenized assets, emphasizing compliance, security, and efficiency in the evolving digital economy.