An Interview with Arnoud Star Busmann CEO of Quantoz AllinCrypto September 5, 2025
Arnoud Star Busmann, CEO of Quantoz, appeared on the Allincrypto Podcast to share his perspective on stablecoins, blockchain technology, and the future of tokenized assets in Europe.
Quantoz is a regulated European stablecoin issuer based in the Netherlands, creating and managing euro-backed tokens designed for global commerce.
With the rollout of the EU’s Markets in Crypto-Assets Regulation (MiCA), the company is positioning itself as a key player in bringing regulated blockchain solutions to financial institutions.
Arnoud Star Busmann, CEO of Quantoz, on Stablecoin Innovation, WEB3 and Payments
Arnoud Star Busmann believes that the true future of tokenization lies not just with crypto enthusiasts but with financial institutions, corporates, and governments looking for reliable solutions that meet compliance standards.
Stablecoins like those issued by Quantoz can reduce settlement times from days to seconds, lower transaction costs, and provide real-time transparency for both regulators and businesses.
Quantoz’s model demonstrates that stablecoins do not have to operate in legal uncertainty; instead, they can be issued under regulatory oversight as regulated digital money, ready to underpin the tokenized economy of the future.
From Busmann:
“Why don’t we issue e-money on a public blockchain? And that’s how they started a journey with the Dutch Central Bank.”
“I met them shortly after that. And I was intrigued. First of all, the company’s office is about a 10-minute drive from my house. I’ve never had that in my life, that shorter commute. So I love that aspect. But then the fact that it could issue e-money on a public blockchain was fascinating to me.
“this opens up a huge amount of opportunities and markets for this type of product”
“they asked me to join them as CEO, and I didn’t have enough reasons to say no. So I said yes.”
How Does Quantoz Issue Stablecoins?
Quantoz is authorized under the EU’s MiCA framework to issue fully backed stablecoins at a 1:1 ratio with the euro. The company currently offers three tokens: EURD, EURQ, and USDQ.
These stablecoins were introduced not only to serve the crypto trading market but also to tackle inefficiencies in cross-border payments and corporate treasury management.
Looking ahead, the company’s goal is to strengthen trust and adoption for its stablecoins, particularly in areas where reliance on alternatives like Tether (USDT) and Circle’s USDC has been less significant.
Busmann:
“Qantas is an e-money institution based in the Netherlands, regulated by the Dutch Central Bank. And we, as an e-money institution, we are authorized to do a number of things.”
“Cross-border payments and for corporate treasuries in particular. And so that’s our target market. What we as a company are really focused on is how can we create that confidence. the crypto trading use case outside of Europe, got Tether, huge liquidity, huge market.
“In the short term, at least there’s no way we can compete with that type of presence and nor should we. We need to use for other use cases. Similar in Europe, Circle USDC is very strong, even as Tether is retreating. Again, as a company, were never designed to be the next generation stablecoin for crypto trading. So we’re looking at real-world use cases.”
What Public Blockchains Does Quantoz Work With?
The company has built a close collaboration with Algorand, drawn to the blockchain’s unique technical advantages. While Algorand may not be the most widely adopted network for stablecoin issuance, it delivers strong security, high transaction speed, and extremely low costs.
These qualities make it particularly well-suited for high-volume, low-value payments, an area where traditional processing fees often eat into already slim margins. By leveraging Algorand, Quantoz can bring transaction costs down to fractions of a cent, enabling microtransactions to become economically feasible while maintaining a secure environment free from smart contract risks.
At the same time, Ethereum and its layer-2 networks, such as Polygon dominate the broader blockchain ecosystem in terms of adoption. For this reason, Quantoz also plans to issue assets on Ethereum and Polygon, with additional chains to follow. The overarching goal is to strengthen blockchain ecosystems by enabling real-world money movement directly on-chain.
From Busmann:
“Historically, the company has worked quite a lot with Algorand, and we still are. Because Algorand, even though it’s not the busiest blockchain, it has some features that make it extremely safe and cost cost-effective, and fast. We’re looking at use cases, for instance, high volume, low value payments.
“If you think about public transport as a domain, let’s say an average bus ticket costs about a euro. If you use a normal payment method around that, you probably pay 5 to 15 cents to the payment processor for that as a merchant. That’s five to 15 % of your revenue gone. And especially if you’re only making 2% profit or so,… that’s obscene, right? “
“We are also issuing on Ethereum. We are issuing on Polygon. We’ll be issuing on more chains as we go, and particularly those where we see that we can contribute to the growth of the ecosystem with actual money on chain.”
“So if you’re using a blockchain like Algorand, it’s like 1000s of a cent, the cost of the transaction, it’s nothing and we can we can pay it. And it’s super safe. There’s no smart contract risk.”
What is Arnoud Star Busmann’s view on the Digital Euro/Euro CBDC from the European Central Bank?
Arnoud Star Busmann has voiced skepticism about the proposed digital euro, questioning both its purpose and effectiveness. In his view, the project fails to address any real problems.
He argues that because the European Central Bank’s digital euro will not operate on blockchain, it does little to enhance governance or trust, and the euro itself is already trusted. Existing systems such as SEPA already provide fast, low-cost instant payments for small transactions, leaving little room for the digital euro to offer a transformative user experience or compelling value.
Busmann has also raised concerns about potential economic side effects. If central banks begin issuing money directly to the public, it could distort the M1 money supply and weaken the lending capacity of commercial banks, with knock-on effects in areas like housing and corporate financing.
In his assessment, the digital euro is, at best, a complementary tool rather than a competitive payment method.
From Busmann:
“I dont understand what problem is being solved with that digital euro. I mean, it’s not going to be on a blockchain.”
“It’s going to be a centralized database. So there’s no governance or issues being solved. The euro is already trusted. So there’s no trust issue being resolved.”
“I don’t see a major user experience. A transformative user experience is being promoted. Say, wow, this is something you could never do before. So I just don’t see the point. I find it really weird.
“It feels almost like a sunk cost bias where there’s a lot of political capital has been spent on creating the project, and now we’d better launch it, otherwise, we’re gonna have an egg on our face. But I just don’t get where it’s going.”
Thoughts on the global adoption of stablecoins?
Arnoud Star Busmann has expressed confidence in the rapid adoption of stablecoins and new payment technologies, noting that they deliver clear improvements over existing systems in specific use cases.
He believes the foundation for mass adoption is nearly in place, with new infrastructures being developed, regulatory frameworks catching up, and momentum set to accelerate once a few major players successfully demonstrate the effectiveness of stablecoins and tokenized assets.
At the same time, Busmann acknowledged the wider implications of this shift. The rise of new payment technologies will inevitably influence national monetary policies, with each country likely to take its own approach. While global regulatory harmonization remains the ideal, he cautions that achieving it will be a complex and challenging process.
“There’s huge amounts of infrastructure that are being built, regulation is getting ready. I think we’re very close to it being ready for the big time, and we’ll see that adoption.”
“I think this technology will find incredibly rapid adoption”
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