Revolut Launches Euro-Pegged Stablecoin to Selected Customers

Revolut has begun rolling out its euro-pegged stablecoin EURR to selected customers in Denmark, Poland, and Portugal. The token is issued by Bridge Building S.A., a Luxembourg entity licensed as both a crypto asset service provider and an electronic money institution.

Bridge holds the reserves for the token, while Revolut distributes it through its app. The fintech plans to expand EURR to other EEA markets later this year, subject to regulatory readiness.

Revolut's head of crypto and new bets Emil Urmanshin said that the EURR connects the company's 80 million customers to on-chain finance, unlocking 'real-world stablecoin utility that no traditional bank or crypto native can match.'