Quantoz Debuts MiCA-compliant Euro and U.S. Dollar Stablecoins

• Quantoz Payments announced the issuance of two stablecoins. 
• The stablecoins are backed by fiat and “highly liquid financial instruments.” 
• The company also received an undisclosed amount of investment from notable crypto companies. 

Quantoz Payments announced today the launch of its two MiCA-compliant stablecoins as part of its strategy to claim a share in the burgeoning European Economic Area market, currently dominated by Circle’s EURC and Société Générale’s EURCV. 

Founded in 2021, Quantoz Payments is a technology company based in the Netherlands. It has an Electronic Money Institution (EMI) license from the Dutch Central Bank, allowing it to issue fist-backed E-Money Tokens (EMTs) for transparent and secure blockchain-based payments. 

Quantoz Explores the Stablecoin Market

In a press release on November 18, Quantoz announced that it would start issuing EURQ and USDQ stablecoins on the Ethereum blockchain on Monday, paving the way for users to leverage Euro and U.S. dollar transfers and payments in secondary markets. 

Quantoz said the stablecoins, fully backed by fiat and “highly liquid financial instruments,” will further facilitate faster and “cheaper” decentralized payments across crypto exchanges. 

According to the statement, crypto exchanges Bitfinex and Kraken will be among the first platforms to list EURQ and USDQ for trading to eligible clients on November 21. 

“We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions,” Quantoz Payments CEO, Arnoud Star Busmann, stated. 

In addition to launching the stablecoins, Quantoz has secured funding from notable crypto investors, including the world’s largest stablecoin issuer Tether, Kraken, and Fabric Ventures, underscoring its long-term potential in the nascent digital asset industry. 

Quantoz’s issuance of EURQ and USDQ comes when the European stablecoin market is poised to undergo drastic changes after the MiCA regulations go into effect in December. The regime will restrict certain stablecoins, including asset-referenced tokens (ARTs) and foreign currency EMTs. 

Tether has yet to secure a MiCA license for its USDT stablecoin, which could explain why the company invested an undisclosed sum in Quantoz Payments. 

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