Algorand-Powered Quantoz Becomes Visa Principal Member
- Quantoz, a digital payments firm whose EURD stablecoin is issued on Algorand, has announced a new partnership with Visa to enable stablecoin payments.
- It will enable the issuance of virtual Visa cards that are accepted globally, but where users make payments with their stablecoins.
Quantoz has become a Visa principal member, enabling it to issue Visa debit cards which are accepted by over 150 million merchants across 200 countries. Quantoz is a Dutch digital payments firm whose EURD stablecoin is issued on Algorand.
In addition to issuing cards, Quantoz can now act as a BIN sponsor for other fintechs, allowing them to enable their customers to make payments with stablecoins at any station that accepts Visa cards.
Under the deal, Quantoz can issue Visa cards that can be used to make payments in-store, online and via mobile wallets. Its customers can then use the card to make payments from the digital assets they hold on Quantoz wallets. This enables fintechs and merchants to extend crypto payments to customers through the same rails they have been using for fiat payments.
Becoming a principal member will allow the company to make regulated digital money usable in day-to-day payments and remove the complexity that exists for users. Despite stablecoin usage surging, they were only used to make payments worth $390 billion in 2025, representing a measly 0.02% of all global payments, a McKinsey report revealed on Wednesday.
Quantoz CEO Arnoud Star Busmann commented:
Algorand Payments Through Visa
Quantoz issues three regulated stablecoins. The first two, EURQ and USDQ, are pegged to the euro and US dollar, respectively, and are issued on multiple blockchains, including Ethereum and Polygon.
The third, EURD, is issued on Algorand and is marketed as programmable e-money compliant with the MiCA framework.
Explaining why the company chose Algorand, CTO Gaston Hendriks revealed that it was on the lookout for a network with short settlement times, low fees, no rollbacks and with low environmental impact.
For a digital payments firm, some of Algorand’s features come in handy. These include the inbuilt Algorand Standard Asset, which enables users to issue tokens directly on the base layer, unlike networks like Ethereum where they need to deploy custom contracts like ERC-20. Atomic transactions and freeze and unfreeze whitelisting were also vital for a company that’s strictly regulated as a payments provider, Hendriks added.
Algorand’s stablecoin ecosystem received a huge boost earlier this year when Allbridge Core enabled native USDC bridging from Solana, Ethereum, Stellar, Base and Sui, as we reported.
ALGO trades at $0.0895 after dropping 1% in the past day.
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