Quantoz Payments has partnered with Kraken, Tether and Fabric Ventures to launch MiCA-compliant EURQ and USDQ stablecoins in the EU, aiming for secure, efficient digital payments.
Tether, Kraken, and Fabric Ventures are backing Dutch fintech company Quantoz Payments in the launch of two stablecoins, EURQ and USDQ, compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
Set for release on Nov. 18, the euro- and United States dollar-backed tokens are licensed by the Dutch Central Bank (DNB) as e-money tokens (EMTs). These stablecoins, fully backed by fiat reserves, aim to provide a secure and regulated option for digital payments across the European Economic Area (EEA).
Kraken and Bitfinex are set to list EURQ and USDQ on Nov. 21, enabling access for eligible clients across Europe with the target to facilitate cheaper, faster and transparent transactions for both corporate and consumer use.
