New Stablecoins USDQ and EURQ Launch Under MiCA Compliance
Netherlands-based Quantoz Payments has announced the launch of USDQ and EURQ, two stablecoins designed to meet the European Union’s Markets in Crypto-Assets Regulation (MiCA) standards.
Issued on Ethereum, the tokens enable secure Euro and U.S. Dollar payments, transfers, and trading on crypto exchanges. Fully backed by liquid assets such as government bonds and fiat reserves, the stablecoins comply with MiCA’s stringent transparency and financial stability requirements.
Trading will open on Bitfinex and Kraken starting November 21. Quantoz CEO Arnoud Star Busmann emphasized their role in enabling “faster, cheaper, and more secure settlements” in a digital payments world. Investors backing the project include Tether, which sees this as a strategic move to expand its influence in regulated digital assets.
Clever Robot News Desk 19th November 2024
