The cryptocurrency Quant (QNT), native to the Quant Network blockchain, surged 250% in seven days, with its price jumping from a range of $50 to $150 to a peak of $340 before settling around $237.50. This rally was triggered by a partnership announcement on September 24 with The Clearing House (TCH), an American clearing house that processes over $2 trillion per day. Quant Network was selected to power the On-Chain Money Initiative, an interoperable payment network enabling US financial institutions to manage tokenized deposits through its Tokenized Deposits-as-a-Service (TDaaS) offering. This partnership extends Quant Network’s strategy beyond the UK and Europe, where it already collaborated with UK Finance and LACChain.
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