Kraken launches trading for Quantoz stablecoins EURQ and USDQ
Quantoz stablecoins comply with stringent regulatory standards
Kraken, one of the leading global cryptocurrency exchanges, announced the addition of two new stablecoins, EURQ (pegged to the euro) and USDQ (pegged to the U.S. dollar), to its trading platform.
Trading for the Quantoz-issued assets became live on November 21, 2024, signaling a significant milestone in the integration of blockchain-based financial tools into traditional economic systems? Kraken informs.
Enhanced stability for crypto traders
The launch of EURQ and USDQ provides Kraken users with stablecoin options that are designed to minimize volatility, an essential feature for those engaging in global transactions and digital asset trading. According to Quantoz, the issuer of these stablecoins, EURQ and USDQ are backed 1:1 with fiat reserves, ensuring high liquidity and reliability.
Users can trade EURQ and USDQ against major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), and fiat currencies such as the euro (EUR) and U.S. dollar (USD). Kraken’s inclusion of these assets aims to attract traders seeking predictable value transfer methods within the ever-fluctuating cryptocurrency landscape.
Meanwhile, $EURQ and $USDQ are currently unavailable in Canada, Germany and the UK.
Why stablecoins matter
Quantoz EURQ (EURQ ) is a Euro-linked stablecoin offering a seamless and secure way to transact in digital currency. Based on blockchain technology, EURQ provides stability, fast transfers and low fees.
Quantoz USDQ (USDQ ) is a US dollar-linked stablecoin designed to provide fast, secure, and low-cost digital transactions.
Stablecoins like EURQ and USDQ play an increasingly vital role in bridging the gap between traditional finance and decentralized systems. They are commonly used for remittances, payments, and hedging strategies within crypto markets. Kraken’s support for Quantoz stablecoins underscores the platform’s commitment to expanding its asset offerings to meet diverse user needs.
Quantoz stablecoins comply with stringent regulatory standards, further strengthening their appeal to institutional and retail investors. This alignment with financial regulations ensures seamless usability across multiple jurisdictions, enhancing adoption prospects.
As Kraken continues to expand its offerings, the introduction of EURQ and USDQ highlights the growing importance of stablecoins in fostering financial inclusion and enhancing crypto market stability. The launch also raises expectations for future collaborations between crypto platforms and traditional financial institutions.
We also reported earlier that Quantoz, supported by Tether, launches MiCA-compliant stablecoins
