Revolut Unveils Euro-Pegged Stablecoin in Three Key European Markets

Revolut has introduced its first stablecoin, EURR, in Denmark, Poland, and Portugal. The euro-pegged token is backed by reserves managed by Bridge Building S.A., a Luxembourg-based entity within Bridge's stablecoin infrastructure network owned by Stripe.

The rollout of EURR marks a broader strategy for Revolut to offer regulated stablecoins aligned with EU rules under the Markets in Crypto-Assets (MiCA) framework. The company plans to integrate EURR into its retail app, supporting multiple blockchain networks and external wallet transfers.

Revolut initially rolled out EURR to a limited group of users as part of a phased program, with about 2 million customers included in the first rollout. The company said it intends to expand the token's availability across additional European Economic Area (EEA) markets later this year, provided product, operational, and regulatory requirements are met.

The launch coincides with Revolut's exit from Tether's USDT in the EEA and Switzerland, where remaining balances will be converted into customers' base currencies after August 31. Revolut framed EURR as the first step in a broader strategy to develop tokens denominated in other currencies through separate regulatory pathways.