Tether, Kraken, and Fabric Ventures support the stablecoins EURQ and USDQ

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.