CandleFocus Quantoz To Issue Regulatory-compliant Stablecoins Pegged To The Euro (EURQ) And US Dollar (USDQ) On Ethereum
2024-11-18
Author: Content Editor
Netherlands-based fintech company Quantoz has announced that it will issue stablecoins pegged to the euro and US dollar on the Ethereum blockchain. The tokens, EURQ and USDQ, are fully backed by fiat reserves and highly liquid financial instruments such as government bonds. Quantoz has received an Electronic Money Institution license from the Dutch Central Bank, enabling it to operate in the EU. The company has received investment from Fabric Ventures, Kraken, and Tether, though the funding amount was not disclosed. EURQ and USDQ will be listed on Bitfinex and Kraken and available for trading starting Thursday. Quantoz is also exploring tokenization to create digital versions of traditional financial instruments, which, when combined with stablecoins, could offer a more efficient way for businesses and institutions to manage their treasury.
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