Quantoz, a fintech firm based in the Netherlands, plans to enter the European market for stablecoins by issuing EURQ and USDQ tokens. These stablecoins will be fully backed by fiat reserves and highly-liquid financial instruments like government bonds. The company has obtained the necessary regulatory license from the Dutch Central Bank and has received investments from venture capital firm Fabric Ventures, crypto exchange Kraken, and stablecoin giant Tether. The tokens will be listed on Bitfinex and Kraken for trading. Stablecoins are becoming increasingly popular for everyday payments and remittances due to their cheaper and faster settlements on blockchains compared to traditional banking rails. Quantoz's move comes as the EU is implementing region-wide rules for stablecoin issuers, causing some to retreat from the market. Quantoz aims to fill the gap in the European stablecoin market and believes its technology and regulatory compliance, along with strong partners, will position it well. The company also has a tokenization business to create digital versions of traditional financial instruments.



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