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Cryptocurrency News Articles

Tether Invests in Quantoz Payments to Support the Launch of EURQ and USDQ Euro and US Dollar-Referenced E-Money Tokens (EMTs)

Nov 19, 2024 at 11:45 pm

The issuer of the Quantoz digital euro, EURD, a regulated and programmable electronic money token, Quantoz Payments, has attracted the interest of the

Tether Invests in Quantoz Payments to Support the Launch of EURQ and USDQ Euro and US Dollar-Referenced E-Money Tokens (EMTs)

Quantoz Payments, the issuer of the Quantoz digital euro (EURD), a regulated and programmable electronic money token, has secured the attention of the largest company in the digital asset industry, Tether, which is set to invest in the company.

This investment will support the launch of EURQ and USDQ, Quantoz’s upcoming euro- and US dollar-referenced E-Money Tokens (EMTs), respectively, which are designed to be fully MiCAR-compliant.

Quantoz has chosen to leverage Hadron by Tether to launch its stablecoins, cementing Tether as the leading technology for tokenizing real-world assets and forming the backbone of the asset tokenization space.

Hadron by Tether is an intuitive platform for issuing and managing the full life cycle of tokenized assets, with a particular focus 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.

EURQ and USDQ aim to enable faster, cheaper, and more transparent financial transactions compared to the current legacy European traditional payment systems.

These stablecoins will facilitate seamless digital euro and dollar transfers across European markets and exchanges.

“We are excited to have Tether, the leading stablecoin company, join us in our mission to bring the digital euro and dollar to the European market,” said Quantoz CEO and founder Alessio Carciofi.

“Tether's technology and experience will be invaluable as we work together to create a new era of faster, cheaper, and more transparent payments.”

Tether is notably redefining the digital economy and opening doors to greater economic opportunity and broader financial inclusion through investments in initiatives like Quantoz.

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.

“Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape,” said Paolo Ardoino, chief executive 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.”

News source:businesspost.ng

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