Quantoz becomes Visa principal member for stablecoin cards

Quantoz becomes Visa principal member for stablecoin cards
Quantoz to issue Visa cards backed by tokens

Dutch payments company Quantoz Payments has become a principal member of Visa, enabling it to issue virtual debit cards backed by its regulated e-money tokens and sponsor third-party fintech firms seeking to offer stablecoin-linked payment products across Europe.

Under the agreement, Quantoz will be able to issue Visa-branded virtual cards tied to balances held in its e-money tokens USDQ, EURQ and EURD, allowing users to spend these funds online, in-store and via mobile wallets. The company will also act as a BIN sponsor, enabling fintech partners to integrate card issuance directly into their platforms.

According to Cointelegraph, Quantoz holds an Electronic Money Institution license from the Dutch Central Bank and issues its tokens as regulated e-money within the European Economic Area. Reserves are held 1:1 in safeguarded accounts via a bankruptcy-remote foundation structure. The company also stated it is required to maintain an additional minimum 2% reserve buffer on its balance sheet.

Quantoz and Visa have not yet disclosed a launch date for the first card programs or named any fintech partners that will use the infrastructure. However, Visa has recently expanded its capabilities through new settlement integrations and cross-border pilot programs.

Competition intensifies over stablecoin integration

In July last year, Visa added support for Global Dollar (USDG), PayPal USD (PYUSD) and Euro Coin (EURC), along with integrations with the Stellar and Avalanche blockchains, enabling institutions to transfer supported stablecoins across these networks or convert them into fiat currency via Visa’s infrastructure.

In September, the company launched a Visa Direct pilot allowing banks to pre-fund cross-border payments using USDC and EURC, aiming to enable near-instant payouts while reducing the need for upfront capital allocation.

Visa later announced expanded support for four stablecoins across four different blockchains. CEO Ryan McInerney told investors that the company plans to further develop its stablecoin capabilities following increased activity in the past fiscal year.

Unlike Visa, Mastercard is reportedly considering acquiring an existing blockchain provider rather than building each component in-house, integrating it into its current payments network.

As we wrote, Strong Q1 revenue and EPS growth — Visa stock gains 3.16%

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