usdq

Quantoz holds an electronic money institution license issued by the Dutch central bank. The three electronic money tokens it issues, USDQ, EURQ, and EURD, are all subject to the electronic money regulations of the European Economic Area. The reserves are stored in a dedicated account under a bankruptcy-remote fund structure at a 1:1 ratio and must additionally maintain at least a 2% reserve buffer on the balance sheet.

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX will open the deposit services for USDQ (Quantoz) and EURQ (Quantoz) on May 19 at 11:30 (GMT+8). The spot trading for USDQ/USDT and EURQ/USDT will open on May 19 at 17:00 (GMT+8). The withdrawal services for USDQ and EURQ will open on May 20 at 18:00 (GMT+8).It is reported that Quantoz's USDQ and EURQ are stablecoins pegged 1:1 to the US dollar and the euro, respectively. USDQ and EURQ are issued by Quantoz Payments BV, which is an electronic money institution regulated by the Dutch Central Bank (DNB). USDQ and EURQ aim to comply with the European Union's Markets in Crypto-Assets Regulation (MiCAR) and have submitted a white paper as electronic money tokens (EMT) to the Netherlands Authority for the Financial Markets (AFM).

ChainCatcher news, Tether, Kraken, and Fabric Ventures support the Dutch fintech company Quantoz Payments in launching two stablecoins, EURQ and USDQ, which comply with the European Union's Markets in Crypto-Assets (MiCA) regulations. The stablecoins will be issued on November 18 and are authorized by the Dutch Central Bank (DNB) as electronic money tokens (EMT). These stablecoins are fully backed by fiat reserves and aim to provide a secure and regulated option for digital payments across the European Economic Area (EEA).Kraken and Bitfinex will list EURQ and USDQ on November 21, serving eligible customers across Europe.