Quantoz Stablecoins EURQ and USDQ Go Cross-Chain on Ethereum and Polygon
Quantoz Payments, a Dutch fintech company, has made a significant stride in the stablecoin landscape. The company's fully-backed and MiCA-compliant stablecoins, EURQ and USDQ, have achieved cross-chain capabilities, starting with a connection between Ethereum and Polygon. This integration, the first of many planned, enables seamless movement of EURQ and USDQ between these blockchains. This development is crucial as it expands access for exchanges, liquidity providers, and application developers, fostering liquidity and composability across DeFi, exchanges, and enterprise applications. Arnoud Star Busmann, CEO of Quantoz Payments, highlighted the importance of interoperability and cross-chain liquidity management for regulated stablecoins to reach scale. Despite this interoperability, Quantoz' stablecoins maintain strong regulatory oversight and safeguards, ensuring compliance with upcoming European MiCAR regulation. The integration of EURQ and USDQ with LayerZero and Stargate, facilitated by Quantoz Payments, marks a significant step forward for stablecoins. This move paves the way for further blockchain integrations, promising enhanced liquidity, accessibility, and regulatory compliance in the stablecoin market.
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