Quantoz, a UK-based blockchain firm specializing in stablecoins, is set to raise a substantial amount of funding with investments from Fabric Ventures, Kraken, and Tether. The exact amount remains undisclosed, but this backing signifies confidence in Quantoz's expansion into fiat-backed stablecoins amidst evolving European regulations. Quantoz's EURQ and USDQ stablecoins are fully backed by fiat and supervised by an independent foundation under the Dutch Central Bank. To comply with the EU's Markets in Crypto-Assets Regulation, Quantoz maintains additional reserves and strict criteria. The funding round, with support from major players like Tether and Kraken, highlights the growing importance of regulatory compliance in the stablecoin market. Quantoz's commitment to compliance and innovative solutions positions it as a leader in the stablecoin sector, with potential for cross-border payments and DeFi applications. The involvement of reputable investors like Kraken and Fabric Ventures further solidifies Quantoz's position as a trustworthy provider of digital payment solutions. Read more AI-generated news on: https://app.chaingpt.org/news