The European Union’s MiCA regulation will be fully enforced in December, and a Dutch-based company, Quantoz Payments, is launching USDQ and EURQ, two MiCA-compatible stablecoins backed by fiat money and highly liquid financial instruments. With the new rules restricting stablecoins, Tether and other competitors like EURQ will try to capture market share.
Tether’s involvement with Quantoz highlights their commitment to regulated solutions in digital assets. USDQ and EURQ will be available on Bitfinex and Kraken on November 21. Quantoz aims to provide the benefits of blockchain money for traditional uses.