Dutch-based fintech firm Quantoz Payments has reportedly released two stablecoins, EURQ and USDQ, to disrupt the EU market during the European corporate focus on regulatory compliance. United, the company aims to offer stable, trustworthy, and compliant EU regulation digital currencies in line with the Markets in the Crypto-Assets framework.
Both incorporated in the market through Bitfinex and Kraken Quantoz investors, these stablecoins have vowed to deliver faster, more secure and more efficient international transactions at lower prices. As CEO Arnoud Star Busmann pointed out, the focus on compliance has been part of their vision for many years already.
Regulation and Trust as Key Priorities of Quantoz
In the constantly emerging market of cryptocurrencies, compliance is often considered one for the main determinants of success or failure. EURQ and USDQ are stablecoins – each of them being backed 100% by fiat currency and other highly-liquid financial instruments such as government bonds. These reserves will be hold and preserved by an independent foundation with supervision of the Netherlands central bank called De Nederlandsche Bank.
The company also operates under an electronic money institution license from the Dutch Central Bank. CEO Arnoud Star Busmann said, “We got this license one year ago, but you and I have been ready for these regulations for years.” In light of this, Quantoz said that it will strive to keep its stablecoins in compliance with the requirements of MiCA, a law that prohibits full fiat-backed stablecoins from being used to create mass instability in the market.
Many of the stablecoins are still yet to register with the authorities, but MiCA regulations are already starting to shake up the markets, even leading to giants such as Coinbase removing products that do not meet the standards set forth by the regulations. In doing so, it is placing Quantoz ahead of its competitors in Europe’s more compliant world of digital payments.
EURQ and USDQ: Features and Applications
As the names suggest for EURQ and USDQ, EURQ and USDQ are the tokens developed on the Ethereum platform and focused on various financial use cases. Whereas, EURQ is built for writer market utilization, USDQ is solely based on cross border financial services. Agimat and cephi.is are both stablecoins launched to facilitate faster and cheaper transactions to consumers and businesses.
The researchers have predicted that Quantoz’s stablecoins will be used in corporate fiat management, consumer payment solutions, and crypto trading. Such coins are believed to enhance the abilities to make payments across the border, lower charges, and enhance the degree of openness in the sphere of payments.
The company also benefits from the support of Tether, one of the major players in the world of stablecoins. This way, Tether unlocks greater programmability and scalability for Quantoz in the form of its Hadron asset tokenisation solutions.
Industry Reactions and Challenges for EURQ and USDQ
The stablecoin industry is increasingly getting attention worldwide, and recently, the United States Treasury called for state-issued Central Bank Digital Currencies (CBDC) instead of private stablecoins. Nonetheless Quantoz has not lost sight of the issue and is determined to stick to its chosen line of production.
“I call regulation a friend; it is an opportunity,” Busmann said while noting that HELLA’s strict compliance with rules makes the company reliable in the long term.
Quantoz’s stablecoins are at a time when competition has increased significantly in the sector. Currently, the market is controlled by large players such as Tether but newer players often fail to find investors’ confidence. However, being backed by funds and partnered with industry players like Kraken and Bitfinex, AND being ISO27001 compliant alongside obeying the new MiCA regulation may give Quantoz an edge that others lack.
Conclusion EURQ and USDQ Future
With the release of EURQ and USDQ the world has seen the beginning of Quantoz Payments’ revolution of regulation-adherent stablecoins. Consequently, by targeting such factors as transparency, full fiat backing, and remarkable regulation compatibility the company is ready to satisfy the demands of the changing European financial market.
In as much as the cryptocurrency market is going through its problems, stablecoins being offered by Quantoz could bring about a healthier digital payment system. If earlier, the company had focused on compliance and cooperation with the largest market participants, then now Quantoz has taken a serious step towards becoming an independent player in the global cryptocurrency market. Keep following Turkishnyradio to keep an eye on EURQ and USDQ progress in the crypto world.
