TechFlow reports, on November 18, according to Cointelegraph, that Tether, Kraken, and Fabric Ventures are supporting Dutch fintech company Quantoz Payments in launching two stablecoins, EURQ and USDQ, compliant with the European Union's Markets in Crypto-Assets Regulation (MiCA). These stablecoins are pegged to the euro and the U.S. dollar, respectively.
These e-money tokens, licensed by the Dutch Central Bank, will be launched today and are fully backed by fiat reserves, aiming to provide secure digital payment options within the European Economic Area.
Kraken and Bitfinex will list EURQ and USDQ on November 21, targeting qualified European customers with cheaper, faster, and more transparent transactions.
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