Overview

Stablecoin issuers operating in regulated environments require technical infrastructure that can enforce governance, maintain transparent reserves, and support monitoring risk in near real time. The Hadron by Tether platform, with Chainalysis monitoring integrated directly into its marketplace, provides tools that facilitate controlled minting, secure issuance processes, and continuous monitoring for institutions operating within regulated environments.

Quantoz Payments B.V., a Dutch Electronic Money Institution supervised by the Dutch Central Bank and the Dutch Authority for the Financial Markets, has emerged as one of Europe’s leading issuers of MiCAR-compliant stablecoins. Using the Chainalysis-integrated marketplace on Hadron by Tether, Quantoz issues fully-backed e-money tokens that deliver near instant settlement, regulatory assurance, and enterprise-ready stability.

This case study highlights how Quantoz uses Hadron by Tether to mint, manage, and safeguard its EURQ and USDQ stablecoins while leveraging Chainalysis for near real-time compliance monitoring across global markets.

About Quantoz

Founded in 2015, Quantoz began as a blockchain settlement technology provider for corporates and financial institutions. In 2021, the company launched Quantoz Payments B.V., obtaining an Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB). The firm later introduced EURD, EURQ, and USDQ, fully backed MiCAR-compliant e-money tokens designed for transparent, responsible, and scalable digital payments.

Quantoz maintains a unique regulatory position as:

• An EMI-licensed stablecoin issuer in The Netherlands
• Operating under direct supervision from DNB and the Dutch Authority for the Financial Markets
• Maintaining reserve safeguarding through Quantoz Foundation, a bankruptcy-remote entity
• Requiring 100% reserve backing + an additional 2% own funds capital buffer

Since launching EURQ and USDQ in November 2024, Quantoz has achieved over $9 billion in cumulative trading volume across 70+ global exchanges, positioning its stablecoins among the fastest-growing regulated digital currencies in Europe.

Why Hadron by Tether

Quantoz selected Hadron by Tether to serve as the secure issuance and governance layer for its stablecoins. Hadron by Tether provides institutional-grade controls for minting, burning, and reserve management, enabling Quantoz to meet stringent MiCAR and DNB requirements while maintaining operational efficiency.

Key Benefits for Quantoz

Secure governance.

Multi-signature authorization and role-based controls intended to ensure minting and burning actions are properly governed.

Cross-chain interoperability.

Hadron by Tether supports issuance on Ethereum, Polygon, and other major networks, enabling Quantoz to expand across multiple ecosystems.

Institutional custody and reserve controls.

Integration with Nexus, Quantoz’ blockchain-native core banking platform, provides strict segregation of duties and transparent reserve account management.

Full auditability.

Records every operational action—minting, burning, approvals, transfers—creates a complete audit trail designed to support internal reviews and regulatory reporting.

Operational efficiency.

The platform allows both technical and non-technical team members to execute secure, governed actions without manual blockchain operations.

Integration with Chainalysis

Quantoz uses Chainalysis as a critical component of its compliance and risk-management processes. EURQ and USDQ are continuously monitored for compliance and investigations. 

Monitoring and AML/CFT compliance.

Chainalysis KYT provides visibility into wallet behavior, transaction flows, and counterparty exposure to illicit activity, helping Quantoz assess risk of both direct and indirect stablecoin transactions. If an alert is triggered, Quantoz can examine the transaction details, manage the alert through case management, and take appropriate action in near real time.

Actionable intelligence.

When higher-risk patterns emerge, Chainalysis Sentinel provides Quantoz a holistic view of its stablecoin ecosystem, showing categories and holders of their token and enabling them to quickly prioritize and investigate using Chainalysis Reactor to protect users and maintain strong operational controls.

Regulatory alignment with MiCAR.

Chainalysis supports Quantoz in meeting MiCAR’s transparency and ongoing monitoring requirements, reinforcing trust among exchanges, enterprises, and institutional partners.

“At Chainalysis, our mission is to bring greater transparency and trust to the digital asset ecosystem. Our collaboration with Hadron by Tether strengthens the security and compliance foundation of RWAs and stablecoins by equipping issuers and platforms with the intelligence they need for real-time monitoring, risk analytics, and investigations. Together, we’re enabling the stablecoin ecosystem to scale responsibly.” —Shannon Hughes, Senior Director, Head of Business Development and Partnerships, Chainalysis

Stablecoin Issuance on Hadron by Tether

Quantoz issues its stablecoins with full reserve backing and controlled governance through Hadron by Tether.

Tokens issued:

• EURD (June 2024; closed-loop)
• EURQ (November 2024)
• USDQ (November 2024)

Market footprint:

• Listed on 70+ exchanges including Kraken, Bitfinex, Bitpanda, Bybit, Digifinex, BitMart
• Active on multiple blockchains
• Over $9 billion in cumulative trading volume since launch
• Over $50 million USDQ minted via Hadron by Tether to reserve accounts

Hadron by Tether supports that every token minted is being matched with fiat reserves safeguarded by Quantoz Foundation, enabling transparency, security, and regulatory consistency.

Workflow: From Onboarding to Redemption

Quantoz’s stablecoin lifecycle on Hadron by Tether supports a governed, compliant, and auditable process consistent with EU regulatory expectations.

1. Client Onboarding and Compliance

• Full KYC/AML checks for institutional clients and liquidity partners
• Bank account verification and reserve flow validation
• Controlled role assignments within Hadron by Tether

2. Reserve Funding

• Fiat sent to Quantoz Foundation for safeguarding
• Assets held in cash and short-duration instruments
• Reserves verified before any token issuance

3. Minting on Hadron by Tether

• Quantoz initiates a mint request through the platform
• Multi-signature approvals executed via Nexus
• Tokens minted to Quantoz’s governed reserve account

4. Distribution

• Transfers to exchanges or enterprise clients
• All transactions logged with full auditability
• Compliance rules enforced programmatically

5. Monitoring and Risk Management

• Continuous monitoring of wallet flows and token activity via Chainalysis
• Automated alerts for suspicious activity
• Enhanced reporting to support MiCAR and DNB standards

6. Redemption and Burning

• Users redeem tokens for fiat at par 
• Quantoz processes withdrawal via its EMI-regulated safeguarding structure
• Corresponding tokens are burned on Hadron by Tether, maintaining 1:1 backing

7. Reporting

• Combined Hadron by Tether and Chainalysis data supports supervisory reporting
• All mint/burn operations preserved for regulatory audits

Adoption and Market Impact

Quantoz’s regulated stablecoins have quickly gained traction across payments, trading, and corporate finance.

Key Use Cases

Cross-border payments.

Near-instant settlement between Europe, Asia, and the Middle East.

Corporate treasury and liquidity operations.

Programmable, 24/7 stablecoin infrastructure improving reconciliation and settlement cycles.

Merchant payments.

Multiple Partners are in the process of implementing EURQ and USDQ for retail transactions.

Exchange liquidity and market access.

Listings across 70+ exchanges have driven rapid volume growth and global accessibility.

Impact of MiCAR Compliance

MiCAR provides clarity on issuance, safeguarding, and governance—an environment where Quantoz’s regulatory-first model thrives. Businesses seeking stability, transparency, and oversight increasingly view MiCAR-regulated e-money tokens as preferred settlement tools for high-volume commercial operations.

Roadmap

Quantoz plans to expand its stablecoin ecosystem across new markets and blockchains over the next 12–24 months. Upcoming initiatives include:

• Wider enterprise integrations across payments, ecommerce, and treasury platforms
• Expansion of EURQ and USDQ across additional European corridors
• Growth of on-chain liquidity and cross-network interoperability
• Enhanced reporting and risk-management features coordinated with Chainalysis
• Multi-chain issuance expansion supported by Hadron by Tether

Conclusion

Quantoz’s use of the Chainalysis-integrated marketplace on Hadron by Tether sets a new standard for regulated stablecoin issuance in Europe. By combining secure token governance, transparent reserves, and real-time risk intelligence, Quantoz demonstrates how MiCAR-compliant digital money can operate at scale with ongoing regulatory alignment.

This collaboration showcases the future of regulated financial infrastructure, where programmable money, continuous monitoring, and institutional governance converge to support global commerce.