Highlights
- Quantoz launches EURQ and USDQ, MiCAR-compliant stablecoins for efficient and transparent transactions in Europe.
- Powered by Tether's Hadron technology, these stablecoins aim to revolutionize European finance with secure and compliant tokenization.
- Backed by industry giants like Tether and Kraken, Quantoz is poised to lead the European stablecoin market.
Quantoz, a Netherlands-based financial technology company, has launched two MiCAR-compliant stablecoins with the help of Tether technology. EURQ and USDQ aim to revolutionize financial transactions in Europe. The stablecoins pegged to the Euro and US Dollar, are designed to offer a more efficient, transparent, and regulated alternative to traditional payment systems. With the backing of Tether, Kraken, and Fabric Ventures, the Dutch firm is well-positioned to lead in the European stablecoin market.
Tether CEO Reveals Quantoz Used Their Platform to Launch MiCAR-Compliant Stablecoins
Tether CEO Paolo Ardoino recently revealed that Quantoz, a Netherlands-based financial technology company, used the company’s Hadron platform to launch two new MiCAR-compliant stablecoins—EURQ and USDQ.
The firm investment arm has supported Quantoz, demonstrating growing collaboration between industry leaders in the stablecoin sector. Quantoz aims to improve financial transactions in Europe with these stablecoins, offering a more efficient and transparent alternative. The stablecoins comply with the European Union’s MiCAR regulation, ensuring a secure and compliant solution for cross-border payments.
Quantoz choses Hadron by Tether to launch regulated MiCAR-compliant European stablecoins. Just 3 days after launch, Hadron received over 100 inquiries to launch tokenized assets.
Excited to make high-quality tokenization more accessible globally. 🙏🚀https://t.co/WYYeCdDIKS https://t.co/Cyg7xUisAk
— Gabor Gurbacs (@gaborgurbacs) November 18, 2024
The timing of these stablecoin developments is particularly notable. Just recently, Ripple Labs developers announced a partnership with Societe Generale-Forge to integrate the EURCV stablecoin into the XRP Ledger (XRPL). This further underscores the increasing momentum around stablecoins and their potential to reshape global financial systems.
Meanwhile, Paolo Ardoino also highlighted his company’s involvement with Quantoz. He underlined how such a launch for his company is easily facilitated by the integration of Tether’s Hadron platform.
Tether Investments invests in Quantoz, a company issuing 2 MiCAR-compliant European grassroots stablecoins (EURQ and USDQ), leveraging our new Hadron by Tether technology platform, for tokenizing any asset in the world, from stablecoins to equities, bonds, funds, real-estate and… https://t.co/cu4Wery2Au
— Paolo Ardoino 🤖🍐 (@paoloardoino) November 18, 2024
Ardoino emphasized that EURQ and USDQ will utilize Hadron, the token’s technology, to tokenize a wide range of assets. This positions USDT as a leader in the asset tokenization space.
Quantoz, backed by a consortium including Kraken, focuses on creating efficient, compliant, and secure stablecoin solutions within Europe. EURQ and USDQ are euro and dollar-referenced E-Money Tokens aiming to enhance financial transactions with lower costs and greater transparency compared to traditional European payment systems. Its main goal is seamless digital transfers across European markets, positioning itself as an indispensable option alongside the legacy financial infrastructures.
That Quantoz uses the Hadron platform, another iteration of Tether’s decade-long expertise in the digital asset space, for the issuance and management of those tokens. Also, for stablecoins and all altcoins, it seems the golden age is coming, and some exploding altcoins coming in the near future.
In a positive turn for Ripple Labs, the court granted an order supporting Ripple, XRP II LLC, and CEO Brad Garlinghouse.
Bringing Secure and Compliant Tokenization to the World
Hadron offers a non-custodial solution for tokenizing real-world assets, equipped with comprehensive compliance tools, including KYC, AML, and KYT controls. It also provides risk management features, market monitoring, and wallet connection technologies, spanning both blockchains and centralized exchanges.
This full suite of controls makes Hadron a powerful platform for secure and compliant digital asset issuance. The company’s investment in Quantoz and the Hadron platform represents a strategic move that could shape the future of tokenized assets.
Quantoz, as Hadron’s first public user, has the opportunity to leverage its full potential to tokenize a wide range of asset classes. This collaboration could redefine the use of digital assets globally, promoting financial inclusivity and opening new opportunities in markets worldwide.
Moreover, the success of EURQ and USDQ could pave the way for the mainstream adoption of stablecoins and assets in everyday financial transactions across Europe and beyond. This investment continues Tether’s broader mission to enhance the digital economy and unlock new economic opportunities across industries.
- Bitget Token Price Jumps 12% Defying Market Trend, Can BGB Rally Continue?
- Why Shiba Inu And Dogecoin Meme Coins May Crash Ahead?
- Shiba Inu Community Burns 87M Coins This Week, What’s Next For SHIB?
- Crypto Trader Turns $458K Into $4.9M With This Meme Coin In 2 Weeks, Here’s All
- US Bitcoin ETF Ends Week With $149.4M Outflow, Will It Impact BTC Rally?
- 3 Solana Rivals to Turn $10K into $100K in January 2025
- Ripple (XRP) Price Analysis: XRP traders deposit $85M on Binance as market sell-off cools
- Solana (SOL) Price Analysis: Staking Inflows Fuel Rebound Hopes, Can SOL Reclaim $250?
- Could Pepe Coin Price See an Explosive 8X Surge Soon?
- Shiba Inu (SHIB) Price Analysis: Whales Scoop 34 trillion SHIB, Time to Abandon DOGE?