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Quant surges over 300% after Clearing House picks it for payments

Quant surges over 300% after Clearing House picks it for payments Image: Crypto.news
Image via Crypto.news.

Quant (QNT) rose more than 300% from last week's lows after The Clearing House selected it to power its On-Chain Money Initiative. The US payments organisation clears and settles more than $2 trillion each day. QNT traded near $274 on Sept. 28 after reaching an intraday peak above $350. Futures open interest reached a record $158.80 million.

Key points

  1. The Clearing House selected Quant to power its On-Chain Money Initiative, an interoperable payments network
  2. The Clearing House networks clear and settle more than $2 trillion each day
  3. QNT's all-time high was set in September 2021
  4. Quant also works on UK tokenized deposit projects with major banks

Why it matters

Quant is now tied to payments infrastructure used by major US banks, and QNT's rally far outpaced the wider market. The token remains below its September 2021 all-time high.

What's unclear

The reports give different all-time high figures, $430 and $427.42
QNT's price on Sept. 28 is reported as around $254 and near $274

Price context · QNT

At publication
$269.23
Now
$189.17
Change since
−29.74%
7 days

Sources · 3 publishers

CoinCentral Tier 3 First report
Quant (QNT) Price: Token Surges Over 300% After Major US Banking Deal
Crypto.news Tier 2
Quant price surges over 300% as QNT all time high comes in sight
Blockonomi Tier 3
Quant (QNT) Price: Token Rises Over 300% After The Clearing House Deal
CoinCentral Tier 3
Quant (QNT) Price: Surges Over 300% as Clearing House Deal Fuels Rally

Coverage timeline

  1. First reported by CoinCentral
  2. Also reported by Crypto.news
  3. CryptoVideos brief published
  4. 2 more publishers added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

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