Quantoz brings European-regulated stablecoins EURQ and USDQ to Algorand
UTRECHT, The Netherlands, April 3, 2025
Quantoz Payments, a leading regulated issuer of electronic money tokens designed to be compliant with MiCA, has announced the expansion of its stablecoins EURQ and USDQ to the Algorand (ALGO) blockchain. Algorand-based DeFi platform Folks Finance will offer trading pairs for EURQ and USDQ, providing liquidity for these regulated euro and dollar-denominated assets across the ecosystem.
Stablecoins have grown increasingly popular for blockchain-based payments and applications, with an overall market cap of over 220 billion (Statista). As more stablecoins arrive on the Algorand blockchain, more products and services will become available to users, developers, and enterprises who use the network to power applications in sustainability, traceability, public services, real-world tokenization (RWA), and more. Stablecoins are especially important for tokenized real-world assets, and Algorand’s unique ability to allow atomic swaps between stablecoins and RWA tokens enables the risk-free, instant, and low-cost exchange of these assets.
Folks Finance is the largest DeFi protocol on Algorand, offering lending, borrowing, and liquid staking services for ALGO and other assets. USDQ and EURQ will be available to deposit for yield, collateralize, and borrow against, all in a permissionless manner through Folks’ smart contracts. Built with security as the priority, Folks’ smart contracts have been audited more than 7 times, with each feature being examined by two auditors. Folks is looking forward to the future of DeFi on Algorand and regards the stablecoin expansion from Quantoz as a major step forward.
Quantoz’s EURQ and USDQ stablecoins are designed to be fully compliant with the EU’s Markets in Crypto-Assets Regulation (MiCA) and adhere to strict financial safeguards. To ensure regulatory compliance and fund protection, all e-money tokens are 102% overcollateralized, with reserves held in a bankruptcy-remote entity (Stichting Quantoz) to ensure full compliance with MiCA’s safeguarding requirements.
“Expanding EURQ and USDQ beyond Ethereum to Algorand, one of the other top-tier blockchains, marks a major step in making regulated e-money tokens more accessible across blockchain ecosystems,” said Arnoud Star Busmann, CEO of Quantoz Payments. “Algorand’s proven security, low fees, and institutional focus make it the ideal blockchain for us to scale our stablecoin offering and meet growing demand.”
Staci Warden, the CEO of Algorand Foundation, added: “Having Quantoz’s MiCA-compliant stablecoins on Algorand is a strong validation of our blockchain’s ability to support regulated financial products. The addition of EURQ and USDQ opens new opportunities for businesses and users to securely and easily transact with digital money.”
About Quantoz Payments and EURQ
Founded in 2021, Quantoz Payments issues USDQ, a US dollar-backed E-Money Token (EMT), and two euro-backed EMTs, EURQ and EURD, within the European Economic Area. These EMTs facilitate fast, cheap, transparent, and secure blockchain technology-based payments. Incorporated in the Netherlands, the Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.
About Algorand Foundation
Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the framework for decentralized governance.
Launched in 2019, the Algorand (ALGO) blockchain has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience. Its low fees, instant finality, and minimal carbon footprint appeal to the protocol’s millions of retail users, and developers of all kinds appreciate the ability to use common programming languages like Python and Typescript. Builders on Algorand are creating protocols and companies that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more and start your journey on Algorand, visit algorand.co
