Quantoz EURDPrice

(EURD)

Quantoz EURD (EURD) is a regulated and programmable electronic money token (EMT) designed to represent a digital euro within the European Economic Area (EEA). It is distinct from traditional cryptocurrencies, speculative stablecoins, and Central Bank Digital Currencies (CBDCs). As an EMT, EURD aims to facilitate regulated, digital euro transfers with specific functionalities embedded. Its design emphasizes compliance with European financial regulations, offering a new form of digital money for various applications.

Quantoz EURD is issued by Quantoz Payments, an electronic money institution. This entity operates under the direct supervision of the Dutch Central Bank (DNB) and is officially registered in the DNB's register of financial institutions. This regulatory oversight ensures that EURD adheres to strict financial standards and compliance requirements set forth by European authorities, providing a framework of trust and stability for its operations.

Quantoz EURD is 100% backed by actual euro funds. These funds are securely held in a dedicated trust account, which is managed by the Quantoz Foundation. The integrity and balance of this trust account are regularly audited by an accredited accounting firm, ensuring transparency and accountability. Furthermore, Quantoz Payments maintains an additional 2% on its balance sheet, fulfilling specific obligations under the Markets in Crypto Assets Regulation (MiCAR). This robust backing mechanism is designed to provide stability and assurance for every EURD token.

Quantoz EURD fundamentally differs by being formally recognized as an electronic money token (EMT) under EU law, specifically compliant with MiCAR. Unlike many traditional stablecoins, which might have varied backing and regulatory statuses, EURD's backing by euros in a regulated trust account, coupled with DNB supervision, sets it apart. It is also distinct from CBDCs because it is issued by a private entity (Quantoz Payments) under central bank oversight, rather than directly by a central bank. This positioning allows EURD to combine private innovation with regulatory certainty.

Quantoz EURD is issued on the Algorand (ALGO) blockchain. This choice of distributed ledger technology provides the underlying infrastructure for EURD's functionality. The Algorand blockchain offers features that support the instant, zero-fee, and programmable euro transfers that EURD is designed to enable. By leveraging this specific blockchain, Quantoz aims to ensure efficient, secure, and scalable operations for its electronic money token.

Quantoz EURD is designed to enable a wide range of use cases and offers significant benefits for the Web3 economy. It facilitates cost-effective micropayments, machine-to-machine payments, and purpose-bound tokens. Benefits include instant, zero-fee, and programmable euro transfers, alongside robust privacy features and transaction fee coverage. It serves as a fintech e-money infrastructure, supporting new business models in areas such as IoT services and decentralized finance. EURD empowers innovative applications by providing a regulated, digital euro that can be integrated into smart contracts and automated processes.