Revolut Unveils EURR Stablecoin in Denmark, Poland, and Portugal

Revolut has rolled out its first stablecoin, EURR, to selected customers in Denmark, Poland, and Portugal. The euro-pegged token is issued by Bridge Building S.A., a Luxembourg-based entity of Stripe-owned stablecoin infrastructure company Bridge. Revolut said EURR will be integrated into its retail app, with plans to support multiple blockchain networks and transfers to external wallets.

The launch adds a Markets in Crypto-Assets (MiCA)-compliant stablecoin to Revolut as it withdraws Tether's USDt from the EEA and Switzerland. Revolut previously said remaining USDT balances would be converted into customers' base currencies after Aug. 31. The company selected Denmark, Poland, and Portugal for their market size, where approximately 2 million customers will be involved in the initial rollout.

EURR will initially launch on Ethereum as part of the phased rollout, with external wallet transfers available immediately for select customers and more broadly as liquidity builds. Revolut's standard crypto trading and remittance limits will apply, while fiat transactions will carry no fees or spreads. EURR is designed to maintain a value of one euro and is backed by reserves held and managed by Bridge in accordance with the European Union's MiCA rules.