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Information about "Quantoz EURQ"
The Quantoz EURQ serves as a stablecoin, maintaining a 1:1 value with the euro. Issued by Quantoz Payments BV, this stablecoin is regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution. The EURQ is designed to comply with Micar regulations, and its documentation, as an Electronic Money Token (EMT), has been sent to the Dutch Financial Authorities (AFM).
EURQ coins are created as ERC-20 tokens on the Ethereum blockchain and are distributed to cryptocurrency exchanges through authorized brokers. Their primary goal is to offer a reliable and regulated euro-backed token for trading and maintaining arbitrage liquidity within the European crypto market.
Regulatory guidelines ensure that EURQ tokens in circulation are backed by euros at 102%. The euro reserves for the EURQ are securely held in bank accounts and highly liquid euro bonds by Stichting Quantoz, a foundation designed to be bankruptcy-proof. This organization is under the prudential oversight of the Dutch Central Bank.
Regulatory guidelines ensure that EURQ tokens in circulation are backed by euros at 102%. The euro reserves for the EURQ are securely held in bank accounts and highly liquid euro bonds by Stichting Quantoz, a foundation designed to be bankruptcy-proof. This organization is under the prudential oversight of the Dutch Central Bank.
"Quantoz EURQ" price data