Tether Announces New Investment to Support Upcoming Launch of ‘Milestone’ Stablecoins
USDT-issuer Tether is investing in Quantoz Payments to launch new Markets in Crypto-Assets Regulations (MiCAR)-compliant stablecoins in the European markets.
According to a new Tether announcement, the crypto firm says its launching two new stablecoins, EURQ and USDQ, via Tether’s Hadron platform.
Says Tether,
“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.”
Hadron by Tether was announced and rolled out last week. The platform aims to be a full-suite token management platform.
Said Tether CEO Paolo Ardoino at the time,
“It leverages a very intuitive user interface to set up and configure multi-signature wallets, including hardware wallets. A deeply thought user experience streamlines the interaction between issuers and their users.
Among its suite of controls, deep emphasis has been placed on providing the most comprehensive set of tools for compliance, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring, spanning from blockchains to centralized exchanges.”
Hardon, which Ardoino says the company has already pitched to numerous companies, institutions and governments, is fully non-custodial and supported by multiple blockchains.
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