Dutch Firm Launches Two New Stablecoins Amid EU Regulatory Push

Dutch fintech company Quantoz Payments has launched two Ethereum-based stablecoins, EURQ and USDQ, aiming to stand out in the competitive market by adhering to evolving European regulations.

The move follows the company’s strategic focus on corporate payments, consumer financial ecosystems, and cross-border transactions.

EURQ and USDQ are set to debut on major exchanges like Kraken and Bitfinex, both of which have invested in Quantoz alongside Fabric Ventures. Additionally, the company has secured support from Tether, utilizing its Hadron tokenization platform to enhance its offerings.

This initiative builds on Quantoz’s October 2023 introduction of EURD, a programmable digital euro built on the Algorand blockchain. While EURD is tailored for institutional financial operations and corporate treasury management, EURQ is designed for broader adoption, including crypto exchanges and international payments. Quantoz stated that both EURQ and USDQ are fully backed by fiat reserves and highly liquid financial instruments like government bonds, managed under the oversight of the Dutch Central Bank.

Quantoz CEO Arnoud Star Busmann highlighted the firm’s proactive approach to regulatory compliance, noting their early licensing from the Dutch Central Bank, which preceded the implementation of the EU’s MiCA framework. MiCA mandates full reserve backing and prudential safeguards for stablecoin issuers, posing significant compliance challenges for the industry. Quantoz aims to position itself as a leader in navigating these regulatory demands while offering innovative solutions in the digital finance space.