Visa grants primary membership to Dutch payment company Quantoz, supporting the issuance of stablecoin debit cards.

Deep Tide TechFlow News, February 18 — According to FinanceFeeds, Dutch payment company Quantoz Payments has become a major member of Visa, authorized to issue Visa-branded virtual debit cards linked to its regulated electronic money tokens in Europe, and to serve as a BIN sponsor, allowing third-party fintech platforms to embed stablecoin payment functions directly into their products without needing to become Visa members themselves.

Quantoz holds an electronic money institution license issued by the Dutch Central Bank. Its issued electronic money tokens USDQ, EURQ, and EURD are all subject to European electronic money regulations. Reserves are held in dedicated accounts under a bankruptcy isolation fund structure at a 1:1 ratio, and an additional reserve buffer of at least 2% must be maintained on the balance sheet. Users can make online, offline, and mobile payments within the Visa acceptance network using the balances of these tokens. Neither Quantoz nor Visa disclosed the launch timeline of the initial card project or the names of the partner fintech institutions, with an initial focus on the European market.

This partnership is the latest move by Visa to expand its stablecoin capabilities. Over the past year, Visa has added support for USDG, PYUSD, and EURC, and completed integrations with Stellar and Avalanche blockchains. Meanwhile, Mastercard is reportedly considering acquisitions to deepen its stablecoin infrastructure footprint. The two major card organizations are competing through different pathways to capture transaction volume for tokenized US dollars and euros.