By Dipo Olowookere
The issuer of the Quantoz digital euro, EURD, a regulated and programmable electronic money token, Quantoz Payments, has attracted the interest of the largest company in the digital asset industry, Tether.
Business Post gathered that Tether, which has the popular stablecoin, USDt, has expressed its intention to invest in the company to support the launch of EURQ and USDQ euro and US dollar-referenced E-Money Tokens (EMTs), respectively, designed to be MiCAR-compliant.
Quantoz has leveraged Hadron by Tether to launch its stablecoins, affirming Tether as the leading technology for real-world assets, becoming 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 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.
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.
Tether said it is 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.
“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,” the chief executive of Tether, Mr Paolo Ardoino, said.