Tether’s European Strategy Focuses on Hadron and Quantoz Amid Regulatory Pressures
Tether is emphasizing its tokenization platform Hadron and its investment in Quantoz as part of its European strategy in response to regulatory pressures that have led to USDT delistings under the EU’s Markets in Crypto-Assets (MiCA) framework.
Commitment to Hadron and Quantoz
On Jan. 30, Tether confirmed its commitment to promoting Hadron and Quantoz while finalizing its USDT strategy for the European market.
Hadron: Serving as a tokenization platform, Hadron enables the creation of various digital assets, including stocks, bonds, stablecoins, and loyalty rewards.
Quantoz: Tether’s investment in Quantoz, a Dutch company, has resulted in the launch of two MiCA-compliant stablecoins, EURQ and USDQ.
USDT Delisting in Europe
Concerns have been growing over the rapid removal of USDT from European exchanges due to MiCA regulations.
Crypto.com and Coinbase: Crypto.com announced the delisting of USDT and nine other non-compliant tokens, following Coinbase’s decision to remove USDT from its European platform last year.
Tether’s Criticism: Tether criticized the pace of these actions, highlighting the lack of proper justification and the potential market disruption. The company emphasized that multiple tokens, not just USDT, are affected, making the situation more complex.
“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves. These changes affect many tokens in the EU market, not only USDT, and we fear that such actions will lead to further risk being placed on consumers in the EU, creating a ‘disorderly’ market.”
Consumer Risks: Tether raised concerns about new consumer risks introduced by regulatory changes, potentially creating market instability. With MiCA still in its early implementation phase, the company warned that premature actions could have unintended consequences.
“As we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks.”