Wednesday, February 19, 2025

Tether Invests in Quantoz to Launch MiCAR-Compliant Stablecoins in Europe

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KEY TAKEAWAYS

  • Tether announces investment in Quantoz Payments to launch EURQ and USDQ stablecoins, complying with MiCAR regulations in Europe.
  • The new stablecoins aim to enhance financial transactions by offering faster, cheaper, and more transparent solutions compared to traditional systems.
  • Hadron by Tether, a platform for tokenized asset management, plays a crucial role in this initiative, attracting interest from various global institutions.
  • Tether’s investment underscores its commitment to expanding regulated digital asset solutions and fostering financial inclusion.

November 18, 2024 — Tether, a leading company in the digital asset industry, has announced its upcoming investment in Quantoz Payments. This investment aims to support the launch of EURQ and USDQ, euro and US dollar-referenced E-Money Tokens (EMTs) respectively. These stablecoins are designed to comply with the Markets in Crypto-Assets Regulation (MiCAR) in Europe.

The introduction of EURQ and USDQ marks a significant milestone in advancing regulated digital asset solutions across Europe. These stablecoins are intended to offer faster, cheaper, and more transparent financial transactions compared to traditional European payment systems. They aim to facilitate seamless digital euro and dollar transfers across European markets and exchanges.

Hadron by Tether: A Key Component

Quantoz’s decision to leverage Hadron by Tether is a pivotal aspect of this initiative. Hadron by Tether is an intuitive platform designed for issuing and managing the full life cycle of tokenized assets. It provides a comprehensive set of tools for token issuance, management, compliance, Know-Your-Customer (KYC), Know-Your-Transaction (KYT), risk management, and more.

Paolo Ardoino, CEO of Tether, stated, “Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape.” He emphasized that by supporting Quantoz and introducing technology solutions like Hadron by Tether, Tether reinforces its dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.

Expanding the Digital Economy

Through investments in initiatives like Quantoz, Tether is redefining the digital economy and opening doors to greater economic opportunity and broader financial inclusion. While Quantoz is the first public user of Hadron by Tether, the platform has attracted interest from various institutions and companies in Europe and globally. These entities are exploring the use of Hadron by Tether technology to tokenize a wide range of digital assets, including equities, bonds, funds, real estate, and loyalty points.

The full announcement can be found here.


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Sharif
Sharif
Sharif is a seasoned software engineer with a decade of experience in the tech industry, including 8 years in cryptocurrency and blockchain. With deep knowledge of decentralized technologies, Sharif offers insightful analysis and expert commentary on the transformative potential of blockchain. Through CoinsHolder.com, he shares his expertise, making him a respected voice in the cryptocurrency community.

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