Netherlands-based fintech firm Quantoz has launched MiCA-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. These tokens are fully backed by fiat reserves and highly liquid financial instruments such as government bonds. Quantoz has secured an Electronic Money Institution (EMI) license from the Dutch Central Bank, allowing it to operate in the European Union. Investors include venture capital firm Fabric Ventures, cryptocurrency exchange Kraken, and stablecoin issuer Tether, although the amount raised has not been disclosed. The rollout of these stablecoins comes amid a regulatory shift in the European market as MiCA regulations come into full effect by the end of the year, requiring stablecoin issuers to ensure compliance. Quantoz's CEO, Arnoud Star Busmann, believes there is a significant gap in the European stablecoin market, presenting an opportunity for the company. He also highlighted the potential of stablecoins in facilitating high-volume, low-value transactions and how they could improve treasury management for businesses through instant settlement.

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