Revolut Launches EURR Stablecoin, Connecting Fiat and Crypto

Revolut has started rolling out its first stablecoin, EURR, to selected customers in Denmark, Poland, and Portugal. The euro-backed stablecoin is issued by Bridge, a Stripe company, and will be fully integrated into the Revolut retail app.

EURR is designed to maintain a value of €1.00 and is backed by reserves held and managed by Bridge according to MiCA regulatory requirements. A broader rollout across the EEA and other denominated currencies is expected later this year, subject to product, operational, and regulatory readiness.

Revolut's Head of Crypto and New Bets, Emil Urmanshin, said, 'EURR connects 80 million Revolut customers directly to on-chain finance.' Iman Olya, Product Owner, Stablecoin at Revolut, added, 'We initially eliminated hidden fees and friction in currency exchange, now we are doing the exact same thing for crypto.'

Revolut believes stablecoins have the potential to support broader use cases across international transfers, business transactions, and settlement over time. The company's EURR stablecoin is designed to remove the pain of moving on and off-chain, becoming a new seamless and instantaneous bridge between fiat and crypto.