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

According to ChainCatcher, Quantoz holds an electronic money institution license issued by the Dutch Central Bank. Its issued electronic money tokens USDQ, EURQ, and EURD are all subject to the electronic money regulations of the European Economic Area. The reserves are stored in dedicated accounts under a bankruptcy-remote fund structure at a 1:1 ratio, and an additional reserve buffer of at least 2% must be maintained on the balance sheet.