Quantoz’s $EURD Expands: Now Available in 30 EEA Countries with Algorand
Quantoz has successfully completed the passports for its Electronic Money Institution (EMI) license, allowing its Euro-backed stablecoin, $EURD, to be accessible in all European Economic Area (EEA) member states. This widespread availability opens up new opportunities for users across Europe to transact seamlessly with $EURD, a stable and efficient digital asset pegged to the Euro.
A key feature of $EURD is its compliance with the Markets in Crypto-Assets Regulation (MiCAR) set by the European Union. By adhering to these regulatory standards, Quantoz demonstrates its commitment to investor protection and market integrity.
The choice of the Algorand blockchain as the platform for issuing $EURD adds efficiency and scalability to the stablecoin. With high throughput and low transaction costs, Algorand enhances the user experience and makes $EURD suitable for various use cases.
As more users gain access to a regulated digital asset like $EURD, there is an increased potential for adoption and integration of blockchain-based financial solutions.
Hot Take: Quantoz Advances Towards a More Inclusive and Regulated Digital Financial Ecosystem in Europe
The completion of Quantoz’s EMI license passports marks a significant milestone in creating a more inclusive and regulated digital financial ecosystem in Europe. With the availability of $EURD in 30 EEA countries through Algorand, users can enjoy seamless transactions with a stablecoin backed by the Euro. By complying with MiCAR regulations, Quantoz ensures investor protection and market integrity. The use of Algorand blockchain further enhances efficiency and scalability. As Europe embraces regulated digital assets like $EURD, the potential for blockchain-based financial solutions becomes more evident.
By
By
By
