New dutch stablecoin, record crypto inflows

Quantoz launches one of the first legal EU stablecoins

The Utrecht-based crypto startup Quantoz has launched two stablecoins: the dollar-pegged USDQ and the euro-pegged EURQ. With this, Quantoz becomes one of the first companies to comply with the stringent MiCA regulations of the European Union. The timing is noteworthy, as market leader Tether will soon be banned from the EU for failing to meet these regulations.

It’s great to see an initiative from Dutch soil playing such a significant role in the rapidly growing stablecoin market, now worth around $180 billion. Customer funds are managed through an independent foundation under the supervision of the Dutch Central Bank.

Quantoz is not only focusing on crypto but also broader applications, such as payments for SMEs and access to euros in non-euro countries. This marks a big step in integrating stablecoins into the traditional economy.

Record inflows into crypto funds at gold’s expense

Following Donald Trump’s election victory, crypto funds saw record inflows of $6 billion – the largest one-week inflow ever. At the same time, gold experienced an outflow of $1.6 billion, the largest in over two years. This indicates a clear rotation from traditional safe havens to Bitcoin.

This shift highlights not only the growing interest in crypto but also the broader movement from traditional assets toward the digital economy.

Trump’s media company eyes acquisition of crypto exchange Bakkt

Donald Trump’s social media company, Trump Media and Technology Group (TMTG), is in advanced talks to acquire the crypto exchange Bakkt. Bakkt is a subsidiary of Intercontinental Exchange (ICE), which also owns the New York Stock Exchange (NYSE), and provides a platform for managing and trading digital assets.

This potential acquisition underscores Trump’s increasing involvement in the crypto sector and could further advance the integration of crypto into traditional financial markets.