Tether has announced plans to invest in the Netherlands-based payment company Quantoz to facilitate the issuance of the EURQ and USDQ stablecoins pegged to the euro and US dollar.
Details on Tether's Investment in Quantoz
On November 18, Tether announced upcoming investments in Quantoz, a company registered in the Netherlands. These investments will help launch two new MiCA-compliant stablecoins based on fiat currencies.
Stablecoin Launch and Its Implications
Licensed as an Electronic Money Institution by the Dutch Central Bank, Quantoz launched the stablecoins on November 18, 2024. Cryptocurrency exchanges Kraken and Bitfinex are set to list EURQ and USDQ on November 21.
Supporting Quantoz and Future Plans
By leveraging Hadron, Tether aims to expand its influence in the real-world asset tokenization field. According to Tether's CEO, Paolo Ardoino: 'By supporting Quantoz and implementing solutions like Hadron, we confirm our commitment to expanding reliable, compliant financial tools.'
Tether's investments and the subsequent launch of the EURQ and USDQ stablecoins highlight the company's ambition to strengthen its position in the real asset tokenization market, providing users with reliable financial tools.
