Revolut Expands European Stablecoin Reach with EURR Launch

Revolut, a fintech company with over 80 million customers globally, has launched its first euro-backed stablecoin, EURR. The token will initially be available to eligible customers in Denmark, Poland, and Portugal, before expanding to the rest of the European Economic Area (EEA) in 2026.

Revolut's EURR is designed to maintain a value of €1, providing a direct bridge between bank balances, crypto markets, external wallets, and supported blockchains. This means that customers can potentially go directly from euros into EURR and then into crypto markets or decentralized applications, eliminating the need for USDC or USDT conversions.

The launch of EURR gives Europe's relatively small stablecoin market a significant boost, with euro-backed stablecoins totaling roughly €450 million compared to about $300 billion for dollar-denominated tokens. Revolut itself is not the legal issuer of EURR, but rather distributes it under its CySEC-regulated MiCA framework through Bridge Building S.A., part of Stripe-owned Bridge.