Visa is expanding its stablecoin strategy in Europe with Dutch payment company Quantoz becoming a principal member. This partnership enables Quantoz to issue Visa-branded virtual debit cards backed by regulated stablecoins like USDQ, EURQ, and EURD.
Under the agreement, Quantoz can directly issue these cards, allowing users to spend their stablecoin balances online and in-store via mobile wallets. This move positions stablecoins for broader adoption in everyday payments, bypassing traditional banking intermediaries for card issuance. Quantoz operates under a Dutch central bank license, holding tokens 1:1 in safeguard accounts with an additional reserve buffer for security.