Quantoz EURQ
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Quantoz EURQ from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Quantoz EURQ.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.