Tether made moves this week, investing in Quantoz alongside Kraken and Fabric Ventures. The team did not disclose the amount invested.

Alongside the announcement, the Dutch-based stablecoin company also announced it was launching euro and US dollar stablecoins. 

“EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank,” a press release said.

Read more from our opinion section: The time for US stablecoin regulation is now 

Both EURQ and USDQ were listed by Bitfinex and Kraken…

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