Quantoz Payments has partnered with Tether, a global leader in stablecoin innovation to launch EURQ and USDQ, euro and dollar-pegged stablecoins compliant with Europe’s MiCAR regulations. This move leverages Tether’s advanced Hadron platform to enhance stablecoin payments, fuel web3 development, and drive decentralized model adoption.

• Launch of EURQ and USDQ stablecoins introduces a compliant, efficient, and transparent payment solution for European markets.
• Tether’s Hadron platform provides comprehensive tools for tokenized asset management, reinforcing its leadership in DeFi solutions.
• Regulatory compliance ensures full fiat backing and liquid reserves for stability and trust.
• Broader adoption of stablecoin development showcases the integration of blockchain in traditional financial systems.

Tether’s investment in Netherlands-based Quantoz Payments marks a significant milestone in the expansion of stablecoin payments. EURQ and USDQ, launched on November 18, 2024, are designed to meet the stringent requirements of Europe’s Markets in Crypto-Assets (MiCA) framework. These tokens promise faster, more cost-effective, and transparent financial transactions compared to traditional systems.

The partnership capitalizes on Hadron by Tether, a cutting-edge platform for tokenized asset issuance and lifecycle management. With tools for compliance, KYC, KYT, and secondary market monitoring, Hadron cements Tether’s role in driving web3 development and the decentralized model.

Crypto payments are revolutionizing financial systems by addressing inefficiencies in traditional payment models and innovating enhanced payment system. With their ability to provide near-instant, low-cost transactions, stablecoins eliminate intermediaries that often delay or increase the cost of cross-border payments. This makes them an ideal solution for businesses and individuals seeking a reliable, transparent, and efficient way to transfer funds across borders. Moreover, stablecoins are pegged to fiat currencies, ensuring minimal volatility and enabling seamless integration into existing financial infrastructures.

Beyond their efficiency, stablecoin payments are paving the way for financial inclusion in underserved regions. Traditional banking systems often exclude individuals without access to banks or credit facilities. Stablecoins, leveraging blockchain technology, offer an accessible, decentralized model, allowing users to engage in financial activities directly from their smartphones. By bridging the gap between traditional finance and defi solutions, stablecoin payments are empowering users globally and fostering economic equality.

Expert Opinion and Quotes

Paolo Ardoino, CEO of Tether: “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.” - Source

FAQs

What makes EURQ and USDQ MiCAR-compliant?
These tokens are backed by fiat reserves and liquid financial instruments, adhering to Europe’s regulatory framework for stablecoin issuance.

What are interest-bearing stablecoins, and how do they differ from regular stablecoins?
Interest-bearing stablecoins are a type of stablecoin that allows holders to earn a yield or interest on their holdings, often through decentralized finance (DeFi) platforms. Unlike traditional stablecoins, which are designed to maintain a stable value, interest-bearing stablecoins offer additional income opportunities, making them an appealing option for users looking to grow their assets within the stable and transparent framework of decentralized networks.

What advantages do stablecoin payments offer over traditional systems?
Stablecoin payments provide faster, cost-effective, and borderless transactions, reducing reliance on intermediaries while ensuring transparency and security through blockchain technology.

How are stablecoin payments shaping the future of global finances? Stablecoin payments enable seamless cross-border transactions, foster financial inclusion, and bridge the gap between traditional finance and blockchain-based ecosystems, driving innovation in global commerce.