{"id":41586,"date":"2024-11-18T11:19:19","date_gmt":"2024-11-18T11:19:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/quantoz-to-launch-micar-compliant-stablecoins-for-euro-and-dollar-transactions\/"},"modified":"2024-11-18T11:19:19","modified_gmt":"2024-11-18T11:19:19","slug":"quantoz-to-launch-micar-compliant-stablecoins-for-euro-and-dollar-transactions","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/quantoz-to-launch-micar-compliant-stablecoins-for-euro-and-dollar-transactions\/","title":{"rendered":"Quantoz to Launch MiCAR-Compliant Stablecoins for Euro and Dollar Transactions"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In accordance with the EU\u2019s new Markets in Crypto-Assets Regulation (MiCAR), Dutch fintech company Quantoz Payments plans to launch stablecoins based on the euro and US dollar. In accordance with regulatory requirements, this action seeks to improve payment accessibility and efficiency across markets.<\/p>\n

Stablecoins Backed by Fiat and Trust<\/h2>\n

Quantoz plans to release EURQ and USDQ on the Ethereum blockchain, ensuring transparency and reliability. Backed by fiat reserves, these tokens will be overseen by De Nederlandsche Bank (DNB), reinforcing their stability. According to Quantoz, the tokens will provide a cost-effective alternative to traditional payment methods.<\/p>\n

Crypto exchanges Bitfinex and Kraken will be the first platforms to offer EURQ and USDQ to eligible clients starting November 21, enabling seamless trading and transfers.<\/p>\n

Arnoud Star Busmann, CEO of Quantoz, highlighted the significance of MiCAR regulations, stating, \u201cMiCA brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins.\u201d<\/em> He emphasized the importance of regulated and transparent stablecoins in modernizing payments within the EU.<\/p>\n

Quantoz assures that each EURQ and USDQ token is fully backed one-to-one by fiat reserves and liquid financial instruments like government bonds. These reserves are managed by an independent foundation under DNB\u2019s supervision, stored in segregated accounts at partner banks.<\/p>\n

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Additionally, Quantoz must maintain an extra 2% reserve on its own balance sheet, as mandated by MiCAR.<\/p>\n

The launch of these stablecoins is further bolstered by investment from key industry players, including Fabric Ventures, Kraken, and Tether. While the funding amount remains undisclosed, the backing signals strong confidence in Quantoz\u2019s vision for regulated digital assets.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In accordance with the EU\u2019s new Markets in Crypto-Assets Regulation (MiCAR), Dutch fintech company Quantoz Payments plans to launch stablecoins based on the euro and US dollar. In accordance with regulatory requirements, this action seeks to improve payment accessibility and efficiency across markets. Stablecoins Backed by […]<\/p>\n","protected":false},"author":34,"featured_media":41587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41586"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41586"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41587"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}