21 Nov What Are Quantoz’s EURQ & USDQ Tokens?
Quantoz Funds has launched MiCA-compliant stablecoins, EURQ, and USDQ, designed to function inside the European Union’s regulated cryptocurrency markets. These tokens, categorized as Digital Cash Tokens (EMTs), bridge conventional monetary programs and blockchain expertise whereas adhering to stringent regulatory requirements set by the EU’s Markets in Crypto-Belongings Regulation (MiCAR).
The EURQ and USDQ tokens are designed to handle liquidity and cost wants in secondary markets, similar to digital asset buying and selling platforms and Decentralised Finance (DeFi) protocols. EURQ, backed by the Euro, and USDQ, backed by the US Greenback, present secure, low-cost options for cross-border transactions, buying and selling, and hedging in opposition to cryptocurrency volatility. These tokens are issued on the Ethereum blockchain as ERC-20 tokens, leveraging blockchain’s decentralised infrastructure to allow speedy, safe transfers whereas adhering to MiCA’s necessities for stability, transparency, and client safety.
MiCA compliance is a distinguishing function of Quantoz’s stablecoins, making certain that they are often confidently used inside regulated EU crypto markets. This compliance mandates strong safeguards, similar to unbiased audits and strict oversight by the Dutch Central Financial institution (DNB) beneath an Digital Cash Establishment (EMI) licence. Quantoz Funds additionally ensures the segregation of buyer funds from company property, managed by the unbiased Quantoz Basis, which oversees the minting and redemption of stablecoins. These measures present extra layers of belief and safety, aligning with regulatory frameworks to assist the adoption of stablecoins in institutional and retail markets.
The stablecoins’ utility spans a number of functions, from facilitating cross-border funds and lowering transaction prices to enhancing DeFi actions like lending and liquidity provision. Their programmability helps various use instances in Web3 and the Web of Issues (IoT), enabling compliant micropayments and automatic machine-to-machine transactions. With their adherence to MiCA and the benefits of blockchain expertise, Quantoz’s stablecoins function a important bridge between conventional finance and the evolving digital asset ecosystem within the European Union.
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What’s the EURQ Token?
The EURQ token is an EMT issued by Quantoz Funds, backed by the Euro, and designed to facilitate liquidity and cost wants in secondary markets. As a stablecoin, EURQ is issued on Ethereum as an ERC-20 token, providing stability and compliance with the EU’s MiCAR regulatory framework. Its main use instances embrace enabling low-cost, quick transactions for buying and selling on crypto exchanges, cross-border funds, and participation in DeFi protocols. By leveraging Ethereum, EURQ supplies a safe and environment friendly means for digital foreign money transfers whereas adhering to strict regulatory requirements to make sure transparency and client safety inside the EU.
What’s the USDQ Token?
The USDQ token is an EMT issued by Quantoz Funds, backed 1:1 by the US Greenback, and designed to facilitate secure and environment friendly transactions inside secondary markets. It operates on Ethereum as an ERC-20 token, offering a dependable digital illustration of the US Greenback to be used in buying and selling, cross-border funds, and DeFi functions. USDQ’s compliance with the newly adopted MiCAR guidelines ensures it meets rigorous requirements for transparency, client safety, and regulatory oversight. With its stability and digital asset-based performance, USDQ allows customers to mitigate cryptocurrency volatility whereas collaborating seamlessly in digital asset ecosystems throughout the EU.
EURQ & USDQ Tokenomics
The tokenomics of EURQ and USDQ are structured to keep up their stability by being absolutely backed 1:1 by reserves of Euros or US {Dollars}, respectively. For each EURQ or USDQ token issued, an equal quantity of fiat foreign money is held in reserve in safe, regulated accounts managed by the Quantoz Basis. This unbiased basis operates solely to safeguard buyer funds, making certain they’re segregated from the operational funds of Quantoz Funds. The reserve mechanism is recurrently audited by unbiased entities to confirm that the whole quantity of tokens in circulation is all the time absolutely collateralised by corresponding fiat reserves. This backing ensures the tokens’ worth stability and compliance with the EU’s regulatory requirements, offering customers with confidence of their use as digital foreign money equivalents.
Tips on how to Purchase EURQ/USDQ on Bitfinex
Tips on how to purchase EURQ/USDQ with crypto
1. Log in to your Bitfinex account or join to create one.
2. Go to the Deposit web page.
3. Within the Cryptocurrencies part, select the crypto you propose to purchase EURQ/USDQ with and generate a deposit deal with on the Alternate pockets.
4. Ship the crypto to the generated deposit deal with.
5. As soon as the funds arrive in your pockets, you’ll be able to commerce them for EURQ/USDQ. Discover ways to commerce on Bitfinex right here.
Tips on how to purchase EURQ/USDQ with fiat
1. Log in to your Bitfinex account or join to create one.
2. It is advisable get full verification to have the ability to deposit fiat to your Bitfinex account. Find out about totally different verification ranges right here.
3. On the Deposit web page, beneath the Financial institution Wire menu, select the fiat foreign money of your deposit. There’s a minimal quantity for fiat deposits on Bitfinex; be taught extra right here.
4. Examine your Bitfinex registered e-mail for the wire particulars.
5. Ship the funds.
6. As soon as the funds arrive in your pockets, you should utilize them to purchase EURQ/USDQ.
Additionally, now we have Bitfinex on cellular, so you’ll be able to simply purchase EURQ/USDQ foreign money whereas on-the-go.
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