Quantoz Launches MiCA-Compliant Stablecoins USDQ and EURQ

• Quantoz launches MiCA-compliant stablecoins USDQ and EURQ, pegged to USD and EUR.
• Backed by Tether, Kraken, and Fabric Ventures for strong market entry.

Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to provide a regulated and secure option for digital payments across Europe. These stablecoins will debut on November 18 and will be listed for trading on Kraken and Bitfinex starting November 21.

The stablecoins operate on the Ethereum blockchain and are fully backed by fiat reserves and highly liquid financial instruments like government bonds. Quantoz holds an Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB), ensuring compliance with MiCA requirements. The firm will also maintain an additional 2% reserve as mandated by MiCA.

Tether CEO Paolo Ardoino highlighted the investment as part of Tether’s commitment to innovation in regulated digital assets. Quantoz CEO Arnoud Star Busmann emphasized that these stablecoins bring faster and cheaper payments, catering to corporate and consumer needs. The launch is a significant milestone for regulated digital finance, enabling secure and efficient transactions within the European Economic Area.

Quantoz’s Market Opportunity

MiCA regulations, set to take full effect in December, aim to foster trust in stablecoin issuers by enforcing strict guidelines. Issuers must maintain a 1:1 fiat backing and segregated reserves overseen by independent foundations. These rules come as the European stablecoin market faces a reshuffle, with non-compliant tokens likely to exit the market.

Circle’s EURC and Société Générale’s EURCV currently dominate the euro-stablecoin space, holding 67% market share. However, Quantoz sees an opportunity to expand with EURQ. Stablecoins like USDQ and EURQ can also enhance payment systems and treasury management by offering near-instant settlements.

Despite its involvement, Tether has expressed concerns over MiCA’s requirement for stablecoin issuers to hold 60% of reserves in European banks. CEO Ardoino warned this could create systemic risks if banks face instability. Meanwhile, Norway has endorsed MiCA but is still evaluating its potential role in a CBDC-based cross-border payment system.

The launch of USDQ and EURQ, supported by prominent players like Kraken and Tether, reflects Europe’s leadership in digital asset regulation. As MiCA reshapes the market, Quantoz positions itself to address gaps in the stablecoin sector with innovative and compliant solutions.

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