Revolut Unveils EURR Stablecoin Pegged to Euro

Revolut has introduced its European stablecoin, EURR, which is pegged to the euro. The digital token will initially be available to customers in Denmark, Poland, and Portugal before expanding to other parts of the European Economic Area later this year.

The company says EURR, issued by Bridg, will be integrated into Revolut's app to allow users to switch between euros and cryptocurrency on chain. This is seen as a major step towards mainstream adoption of digital tokens in finance.

Revolut plans to eventually offer stablecoins denominated in several additional currencies as part of its vision for a full suite of stablecoins.