Tether, Kraken, and Fabric Ventures Open a New Era of Digital Assets

Quantoz Payments, in collaboration with major players like Kraken, Tether, and Fabric Ventures, introduces new stablecoins — EURQ and USDQ.

The new assets are fully backed by fiat reserves at a 1:1 ratio, with an additional 2% reserve managed by Quantoz.

The MiCA regulation requires stablecoin issuers to hold 60% of their reserves in European banks, enhancing transparency and protecting users. The CEO of Tether expressed concerns that such a requirement could create "systemic vulnerabilities" for financial institutions, especially if banks face instability.

Release Dates

On November 18, EURQ and USDQ will be issued as EMT under a license from the Dutch Central Bank. On November 21, Kraken and Bitfinex will begin their distribution, providing access to users across Europe.

Europe as a Leader in Crypto Innovation

These stablecoins lay the foundation for a new era of financial transparency and trust, positioning the EU as a hub of cryptocurrency innovation.