November 18, 2024 — Tether, the largest company in the digital asset industry, is announcing its upcoming investment in Quantoz Payments to support the launch of EURQ and USDQ euro and US dollar-referenced E-Money Tokens (EMTs) respectively, designed to be MiCAR-compliant. These stablecoins represent a significant milestone in advancing grassroots-regulated digital asset solutions in Europe. Quantoz’s decision to leverage Hadron by Tether is a key proof point for Tether’s strategy to position itself as the leading technology for real-world assets, becoming the backbone of the asset tokenization space. After all, Tether is the original creator of the first stablecoin USD₮, forging an entire industry that is now approaching 200B USD in market capitalization.
EURQ and USDQ aim to deliver faster, cheaper, and more transparent financial transactions compared to the current legacy European traditional payment systems. These stablecoins aim to facilitate seamless digital euro and dollar transfers across European markets and exchanges.
“Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape,” said Paolo Ardoino, CEO of Tether. “By supporting Quantoz and bringing technology solutions like Hadron by Tether, we reinforce our dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.”
Hadron by Tether is an intuitive platform for issuing and managing the full life cycle of tokenized assets with an emphasis on providing a comprehensive set of tools for token issuance, token management, compliance, Know-Your-Customer (KYC), Know-Your-Transaction (KYT), risk management, secondary market ecosystem monitoring and wallet connection technologies, spanning from blockchains to centralized digital asset exchanges.
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 team has received several expressions of interest from different institutions and companies in Europe and globally to use Hadron by Tether technology to tokenize any sort of digital asset – from equities to bonds, funds to real estate, loyalty points, and other opportunities.
