Revolut launches euro stablecoin

Revolut has moved from offering third-party stablecoin trading to distributing its own branded euro token, EURR, through a phased launch in Europe. The product is being rolled out first to eligible customers in Denmark, Poland and Portugal, according to Revolut’s August 8 announcement. EURR is designed to hold a value of 1 euro and is issued by Bridge Building S.A., a Stripe-owned company, rather than by Revolut itself. ### What exactly did Revolut launch? EURR is a euro-denominated stablecoin integrated into the Revolut app and tied to euro holdings on-chain. Revolut said the token gives customers a way to move between fiat money, crypto, external wallets and supported blockchain networks without taking on dollar exposure. The company described it as its first stablecoin and said other currency-linked tokens are already in development through separate regulatory pathways. (revolut.com) August 20 is the date Finance Magnates said the public offer began, citing regulatory documents and Bridge’s disclosures. Revolut’s own post said the rollout would begin “from this month” for eligible users in the three initial markets, with wider availability expected later in 2026. ### Who is issuing EURR, and why does that matter? (revolut.com) Bridge Building S.A. is the legal issuer of EURR, according to Revolut’s post and Finance Magnates’ review of the token documentation. Revolut Digital Assets Europe Ltd is named as the distributor, meaning Revolut is the customer-facing platform while Bridge is the entity responsible for issuance and reserves. (financemagnates.com) Luxembourg-based Bridge is regulated as an electronic money institution and as a crypto-asset service provider, Finance Magnates reported. That structure matters because Europe’s Markets in Crypto-Assets regime, or MiCA, sets the framework for reserve backing, disclosure and redemption for stablecoins offered in the region. Payment Expert said the rollout sits under Revolut’s MiCA-authorized crypto asset services branch in Europe. (revolut.com) ### Why launch a euro stablecoin instead of another dollar token? Revolut said most stablecoins are pegged to the U.S. dollar, while many of its customers earn, save and spend in euros. The company said EURR is meant to give those users a local-currency option for blockchain-based transfers and payments. In its blog post, Revolut said customers “won’t need to take on dollar exposure just to use blockchain-based money.” (financemagnates.com) Emil Urmanshin, Revolut’s head of crypto and new bets, told Payment Expert that EURR “connects 80 million Revolut customers directly to on-chain finance.” Mai Leduc Blount, Bridge’s head of product, said Bridge was helping Revolut launch “a custom stablecoin for the European market.” ### How big is the launch so far? Bridge’s reserve dashboard showed 374 tokens in circulation and 374 euros in cash reserves when Finance Magnates reviewed it last week. (revolut.com) The same report said the token was operating on Ethereum and Polygon, with additional networks listed in the white paper as planned. (paymentexpert.com) That means the launch is live but still small in supply terms. Finance Magnates reported that holders have a legal claim on Bridge and can request redemption at par without a fee, subject to compliance checks and an eligible EEA bank account. The report also said Bridge plans monthly reserve confirmation by an independent accounting firm, though it did not identify the auditor. (financemagnates.com) ### Where does this fit in Revolut’s broader crypto push? Revolut said stablecoins are moving beyond trading into transfers, business transactions and settlement as regulation becomes clearer. The company framed EURR as part of a broader effort to connect traditional money movement with blockchain rails inside its app. Later in 2026, Revolut expects to expand EURR beyond Denmark, Poland and Portugal, subject to regulatory, operational and product readiness. (financemagnates.com) Revolut said customers in additional markets can sign up to be notified when the token becomes available. (revolut.com)