AMSTERDAM, The Netherlands, March 2025
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces that Bybit Powered by SATOS, the regulated entity of Bybit in the Netherlands, is in partnership with Quantoz Payments B.V. (Quantoz), a Netherlands-based payments technology company backed by Tether and Kraken, to list Quantoz’s USDQ stablecoin.
USDQ, a USD-backed stablecoin exclusively issued in the EU, will be available to Dutch customers for trading on Monday 24th March on Bybit.NL, the official website of Bybit Powered by SATOS, offering the pairs USDQ/USDT and BTC/USDQ.
The listing of native European E-Money Tokens (EMTs), that are designed to be MiCAR compliant, confirms Bybit’s commitment to transparency and compliance, ensuring that any products and services it offers to its Dutch customers adhere to the relevant jurisdiction’s regulatory requirements.
This partnership with Quantoz underscores Bybit
Arnoud Star Busmann, CEO of Quantoz Payments, said:
“We are delighted that Bybit, one of the world’s leading cryptocurrency exchanges, will list our USDQ stablecoin for customers in the Netherlands. As the stablecoin market continues to evolve, our customers, which range from digital asset exchanges to traditional businesses, are demanding that stablecoins are properly regulated, which means being fully backed by fiat reserves and government bonds that are placed in segregated accounts with Tier 1 banks in the EU. As our EMTs are designed to be MiCAR compliant, we can deliver to meet the growing demand of stablecoin usage exclusively issued in the EU.”
Since Quantoz, an Electronic Money Institution (EMI) authorised and supervised by the Dutch Central Bank De Nederlandsche Bank (DNB), issued their EURQ and USDQ stablecoins in November 2024, they have seen significant transaction volumes. Now listed on Bybit and other major crypto exchanges, Quantoz is leading the way for the provision of fully backed, secure and well regulated blockchain-based stablecoins.
About Quantoz Payments
Founded in 2015, Quantoz N.V. is a financial technology company. Its subsidiary, Quantoz Payments, was founded in 2021 and 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. The e-money tokens in circulation are fully backed 1-to-1 with fiat and highly liquid financial instruments. In addition, the Company is required to hold at least an additional 2% of reserves on its balance sheet. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.
