Tether Holdings Ltd. is backing a new European stablecoin. They’re making this investment just as new regulations could change the game for the issuer in the European Union.
Quantoz Payments, a Dutch blockchain company, is stepping into the spotlight. They’re recognized by the Netherlands’ central bank as an authorized e-money issuer. Soon, they will launch two new tokens tied to the euro and the U.S. dollar.
Arnoud Star Busmann, the CEO of Quantoz, shared these details in a recent interview. It’s an exciting time for the company.
Both Tether and Kraken are set to take minority stakes in Quantoz. This move shows their commitment to the evolving landscape of stablecoin regulation in Europe.
As the market changes, these partnerships could play a crucial role in shaping the future of digital currencies in the region.