QNT surged sharply in early trading and briefly reached 373 USDT before pulling back to 287.71 USDT, leaving the token up more than 87% over the past 24 hours, according to market data cited by Odaily. The move came alongside a business update from Quant, which said it will provide technical support for The Clearing House’s on-chain money initiative. Quant is set to handle the network’s interoperability, orchestration and transaction management layer, while also linking the system to existing fiat payment rails including RTP and CHIPS. According to the announcement referenced in the report, the network is designed to give financial institutions clearing and settlement capabilities for tokenized deposit transactions. It will support instant settlement and allow transactions to be triggered automatically once preset conditions are met. The network is expected to open to participating institutions in the first half of 2027.
QNT climbed sharply early in the day and briefly touched 373 USDT before easing to 287.71 USDT, with its 24-hour gain topping 87%, according to market data cited by Odaily.
On the news side, Quant said it will provide technical support for The Clearing House’s on-chain money initiative. The company will be responsible for the network’s interoperability, orchestration and transaction management layer, and will connect it with existing fiat payment systems including RTP and CHIPS.
Under the plan, the network will provide financial institutions with clearing and settlement capabilities for tokenized deposit transactions. It will support instant settlement and enable transactions to be executed automatically once preset conditions are satisfied. The network is expected to open to participating institutions in the first half of 2027.
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