Home web3.0 Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Nov 19, 2024 pm 04:06 PM
tether Stablecoin MiCAR Quantoz

Tether announces investment in Quantoz to support MiCAR-compliant stablecoins, EURQ and USDQ, leveraging Hadron by Tether for asset tokenization.

Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Tether, a household name in the digital asset realm, has announced its latest venture—an investment in Quantoz Payments to facilitate the launch of EURQ and USDQ, two MiCAR-compliant stablecoins.

This development marks a significant stride in the European digital asset landscape, with EURQ being pegged to the euro and USDQ tracking the US dollar.

According to Tether, these stablecoins are set to revolutionize financial transactions within Europe, offering faster, more economical, and transparent alternatives to existing payment systems.

Designed to enhance digital currency transfers across European markets and exchanges, these stablecoins have the potential to transform financial operations in the region.

At the heart of this initiative lies Hadron by Tether, an intuitive platform that spans the entire lifecycle of tokenized assets.

Hadron provides a comprehensive toolkit for token issuance, management, compliance, Know-Your-Customer (KYC), Know-Your-Transaction (KYT), risk management, and more.

This platform seamlessly integrates with blockchains and centralized digital asset exchanges, enabling effortless integration and operation.

Paolo Ardoino, CEO of Tether, expressed the company’s enthusiasm for this collaboration, highlighting their commitment to fostering innovative and regulated solutions within the digital asset landscape.

He emphasized the strategic importance of supporting Quantoz and deploying Hadron technology to expand reliable, compliant financial tools that empower users and enhance trust within the digital ecosystem.

“We are thrilled to announce this investment in Quantoz, which will enable the launch of EURQ and USDQ. These stablecoins, fully compliant with MiCAR regulations, are a crucial step forward in offering European consumers and businesses a stable and transparent digital currency option.”

Through its investment in Quantoz, Tether is not only reshaping the digital economy but also paving the way for greater economic opportunities and broader financial inclusion.

As the first public adopter of Hadron by Tether, Quantoz is setting a precedent, and the technology has already attracted interest from various institutions and companies globally.

The potential applications of Hadron extend beyond stablecoins to include tokenizing diverse digital assets such as equities, bonds, real estate, and loyalty points.

This strategic move by Tether underscores its role as a pioneer in the stablecoin market, having originated the first stablecoin, USD₮, and continuing to lead in a market now approaching $200 billion in capitalization.

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