TLDR Quantoz EURQ rose 0.65% over the last 24h, slightly outpacing its 30-day (+0.69%) and 90-day (+5.12%) gains. While modest, the uptick coincides with MiCA-driven demand shifts and exchange traction. Here are the main factors:
- MiCA Compliance Momentum – Tether’s EU pivot to EURQ boosts adoption.
- CoinEx Listing Impact – New trading pairs since June 30 increased liquidity.
- Technical Breakout – MACD bullish crossover hints at short-term momentum.
Deep Dive
1. MiCA Compliance Momentum (Bullish Impact)
Overview: Tether phased out its non-compliant EURT stablecoin in late 2024 under EU MiCA rules, partnering with Quantoz to launch EURQ as a regulated alternative (Cryptofront News). Exchanges like Coinbase and Kraken delisted USDT for EU users, accelerating demand for MiCA-aligned options.
What this means: As the only Dutch-regulated euro stablecoin, EURQ is positioned to capture market share in Europe’s $1.3T crypto economy. Its 12.63% yearly price gain reflects steady adoption, with recent 24h volume ($12M) up 5x from pre-MiCA levels.
What to look out for: EU exchange listings of rival MiCA-compliant stablecoins like StablR’s EURR, which launched June 2 on Ourbit.
2. CoinEx Listing Liquidity Boost (Mixed Impact)
Overview: CoinEx added EURQ/USDT trading on June 30 with AMM and grid trading tools, expanding access to Asian markets. The token’s 24h turnover ratio (3.06) signals active liquidity mining.
What this means: While listings typically cause short-term volatility, EURQ’s 0.65% gain aligns with its tight 1.14–1.18 trading range. The 7-day RSI (55.95) shows neutral momentum, suggesting sustainable demand rather than speculative pumps.
3. Technical Breakout Signals (Bullish Impact)
Overview: EURQ’s MACD histogram turned positive (+0.000836) on August 15, crossing above its signal line for the first time in 30 days. Prices hover near the 23.6% Fibonacci retracement ($1.17).
What this means: While stablecoins rarely show strong technical trends, this breakout suggests incremental buying pressure. A sustained move above $1.18 (June swing high) could target the 127.2% extension at $1.19.
Conclusion
EURQ’s uptick reflects structural demand for MiCA-compliant stablecoins and exchange-driven liquidity, though its 1:1 euro peg limits volatility. The token’s 5.12% 90-day gain outpaces Circle’s EURC (+201% supply growth but flat price), highlighting regulatory tailwinds.
Key watch: Can EURQ hold above its 30-day SMA ($1.16) amid rising competition from EU-focused euro stablecoins?