Quantoz Payments has become a principal member of Visa, enabling it to issue stablecoin-linked virtual debit cards and sponsor fintech partners across Europe.
Under the agreement, Quantoz can issue Visa-branded cards tied to balances in its USDQ, EURQ and EURD e-money tokens, allowing users to spend regulated dollar- and euro-denominated digital funds online, in-store and through mobile wallets.
The company will also act as a BIN sponsor, allowing fintech platforms to embed card issuance directly into their products while linking tokenised balances to mainstream card rails.
Quantoz holds an Electronic Money Institution licence from the Dutch central bank and issues its tokens as regulated electronic money within the European Economic Area, with reserves held one-to-one in safeguarded accounts through a bankruptcy-remote foundation and an additional 2% buffer on its balance sheet.
The firms did not disclose a launch date or name fintech partners, but said the initiative is focused on the European market as major payment networks accelerate stablecoin integration.
Visa has expanded its settlement infrastructure to support Global Dollar, PayPal USD and Euro Coin across blockchains including Stellar and Avalanche, and has piloted Visa Direct payouts using USDC and EURC to enable near-instant cross-border transfers.
Meanwhile, Mastercard is pursuing a more acquisition-led approach to deepen its on-chain capabilities, evaluating the purchase of turnkey providers to integrate stablecoin infrastructure into its existing payments network.