Quantoz EURQ

Overview

Quantoz EURQ is a euro-pegged stablecoin issued by Quantoz N.V., a Dutch fintech company. The token is designed to maintain a 1:1 peg with the Euro through full backing with fiat Euro reserves.

Purpose and Utility

EURQ serves as a digital representation of the Euro on blockchain networks, primarily intended for facilitating cross-border payments, settlements, and digital commerce. The token enables businesses and individuals to transact in a Euro-denominated digital asset without traditional banking intermediaries.

Business Model

The stablecoin operates on a fully-backed reserve model where each EURQ token is backed by one Euro held in regulated European banking institutions. Quantoz generates revenue through transaction fees and services rather than interest-based mechanisms.

Real-World Adoption

EURQ has established partnerships with various European payment service providers and businesses, though specific adoption metrics are not publicly available. The token is primarily used for business-to-business payments and digital commerce transactions.

Development Activity

The platform maintains regular technical updates and compliance improvements to meet European regulatory requirements. The project demonstrates ongoing development focused on security, scalability, and regulatory compliance.

Token Distribution

As a stablecoin, EURQ tokens are minted and burned based on user demand and Euro deposits. There is no pre-mine or founder allocation as tokens are only created when backed by actual Euro deposits.