Revolut Rolls Out Euro Stablecoin to Select Customers

Revolut has launched its Euro stablecoin, EURR, to a small number of customers in Denmark, Poland, and Portugal. The token is issued by Bridge Building S.A., under the EU's MiCA framework, and brought to retail users through Revolut.

The company plans to expand access to the token, which is redeemable at face value and backed by Euro currency, to its 80 million retail customers worldwide. Over 16 million of these customers already use Revolut's crypto services.

EURR has an on-chain presence on two major networks: Ethereum and Polygon. The stablecoin is starting from a low level of usage, with a total supply of €374 and reserves totaling the same amount in cash deposits.