Revolut Unveils Euro-Backed Stablecoin EURR for Digital Payments

Revolut has introduced its first euro-backed stablecoin, EURR. This digital payment and transfer solution is designed to maintain a fixed value of one euro. Users who meet certain requirements will be able to move EURR across crypto assets, wallets, and networks.

Revolut has started exporting EURR through regulated structures under the MiCA framework. The introduction of EURR marks an important step in Revolut's expansion into the stablecoin market.