EURR Stablecoin Surges to $665K in Market Cap After Launch

The Bridge Building S.A., a Luxembourg-based subsidiary of Bridge acquired by Stripe for $1.1 billion in February 2025, has launched a new euro-pegged stablecoin called EURR.

Since its launch on August 26, 2026, the token's market capitalization has surged to $665,300 within a single 24-hour window, indicating strong demand from users. The initial supply of approximately 374 tokens at inception grew to around 1.67 million EURR by early September.

EURR is backed 1:1 by euro-denominated cash held at regulated credit institutions, and holders have the right to redeem their tokens directly at par through Bridge Building S.A.

The token operates on both Ethereum and Polygon networks under the EU's Markets in Crypto-Assets framework (MiCA), with Bridge holding Electronic Money Institution and Crypto-Asset Service Provider approvals.