Quantoz's $EURD on Algorand: Now in 30 EEA Countries

Quantoz has completed the passports of its Electronic Money Institution (EMI) license.

This enables the widespread availability of its Euro-backed stablecoin, $EURD, to all European Economic Area (EEA) member states.

Quantoz’s $EURD Expands: Now in 30 EEA Countries with Algorand

This widespread availability opens up new avenues for users across Europe, offering a stable and efficient digital asset pegged to the Euro. As a result, people and businesses can now transact seamlessly with $EURD.

A noteworthy aspect of $EURD is its design to be #MiCAR (Markets in Crypto-Assets Regulation) compliant. This regulation, set by the European Union, aims to establish a comprehensive framework for the regulation of crypto-assets, ensuring investor protection and market integrity. By adhering to #MiCAR standards, Quantoz demonstrates its commitment to maintaining the highest regulatory standards in the rapidly evolving crypto space.

The Algorand blockchain, chosen as the platform for issuing $EURD, adds another layer of efficiency and scalability to the stablecoin. Algorand’s high throughput and low transaction costs contribute to a seamless user experience. This makes $EURD a viable option for various use cases.

As users gain access to a stable and regulated digital asset. So, the potential for increased adoption and integration of blockchain-based financial solutions becomes more apparent.

Quantoz’s achievement of completing the passports for its EMI license marks a crucial step towards a more inclusive and regulated digital financial ecosystem in Europe.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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