Revolut Unveils Euro-Backed Stablecoin EURR for Seamless Cross-Border Payments

Revolut has expanded its presence in the cryptocurrency market by launching EURR, a euro-backed stablecoin. The new digital asset is designed to give eligible customers another way to transfer and use euros across supported blockchain networks.

EURR maintains a one-to-one peg with the euro, meaning each unit has a value equivalent to €1. This provides users with onchain access to euros while connecting traditional currency payments with the growing digital asset ecosystem.

The launch of EURR makes it easier for eligible Revolut customers to move euro-denominated value between cryptocurrencies, external wallets, and supported blockchains. By introducing EURR, Revolut is broadening its crypto services beyond trading and payments as demand for regulated stablecoins continues to grow.