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

Quantoz holds an electronic money institution license issued by the Dutch central bank. The three electronic money tokens it issues, USDQ, EURQ, and EURD, are all subject to the electronic money regulations of the European Economic Area. The reserves are stored in a dedicated account under a bankruptcy-remote fund structure at a 1:1 ratio and must additionally maintain at least a 2% reserve buffer on the balance sheet.