QNT
+49.2%Quant surges over 300% after Clearing House picks it for payments
Image: Crypto.newsQuant (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
- The Clearing House selected Quant to power its On-Chain Money Initiative, an interoperable payments network
- The Clearing House networks clear and settle more than $2 trillion each day
- QNT rose more than 300% from last week's lows, outpacing the wider market
- QNT's all-time high was set in September 2021
- 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
$260.79
Change since
−3.13%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Quant price surges over 300% as QNT all time high comes in sight
Coverage timeline
- First reported by CoinCentral
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
