According to a report by FinanceFeeds, Dutch payment company Quantoz Payments has become a principal member of Visa and received approval to issue virtual debit cards branded with Visa in Europe, linked to the company's regulated electronic money tokens. It can also act as a BIN guarantor, allowing third-party fintech platforms to integrate stablecoin payment functions directly into their products without needing to become Visa members themselves.

Quantoz holds a license to operate as an electronic money institution issued by the Dutch Central Bank. Its three issued electronic money tokens — USDQ, EURQ, and EURD — are subject to European electronic money regulations. Reserves are held in special accounts within a "bail-in protected fund" structure, on a 1:1 basis, with an additional reserve buffer of at least 2% maintained on the balance.

Users can make online, offline, and mobile payments within the Visa payment network using the balances on these tokens. Neither Quantoz nor Visa disclosed the timeline for launching the first pilot project for card issuance or the names of partner fintech companies; the initial focus is on the European market.

This partnership is the latest step in Visa’s efforts to expand capabilities for working with stablecoins. Over the past year, Visa has steadily added support for USDG, PYUSD, and EURC, and completed integrations with Stellar and Avalanche blockchains. Meanwhile, reports indicate that Mastercard is considering deepening its stablecoin infrastructure through acquisitions. The two largest payment networks aim to lead in large-scale operations with tokenized dollars and euros but are pursuing different strategic paths.