Quantoz Payments, a Netherlands-based company, has launched two stablecoins, EURQ and USDQ, on the Ethereum blockchain. These stablecoins are backed by major cryptocurrency exchanges, Bitfinex and Kraken, and are designed to meet European regulatory standards. EURQ and USDQ are fully backed by fiat reserves and government bonds, with the assets managed by an independent foundation under the supervision of De Nederlandsche Bank.
The company plans to target broader market adoption, corporate payments, and consumer ecosystems with these new digital currencies. Quantoz has invested considerable time in securing proper licensing and is already licensed as an electronic money institution with the Dutch Central Bank before the implementation of the Markets in Crypto-Assets (MiCA) framework.
The launch of EURQ and USDQ on Bitfinex and Kraken provides immediate access to major trading platforms, offering potential for market adoption and liquidity from day one.
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<p>The post Quantoz Launches EURQ and USDQ Stablecoins on Ethereum, Backed by Bitfinex and Kraken first appeared on CoinBuzzFeed.</p>
