Tether, Kraken-Backed Quantoz Payments Launch MiCA-Compliant Stablecoins

The stablecoins are pegged to the euro and U.S. dollar (EURQ and USDQ).

Dutch fintech company Quantoz Payments, backed by Tether, Kraken, and Fabric Ventures, is launching two stablecoins that comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

These tokens, pegged to the euro and U.S. dollar (EURQ and USDQ), will debut on November 18 and are licensed as e-money tokens (EMTs) by the Dutch Central Bank (DNB), according to a Monday press release.

Fully backed by fiat reserves, EURQ and USDQ are designed to provide a secure, regulated option for digital transactions within the European Economic Area (EEA).

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