Banking

Revolut Launches Euro Stablecoin EURR, Starting in Denmark, Poland and Portugal

co-written by newsrooms.ai26. August 2026, 11:07

Revolut is launching its own euro-pegged stablecoin. The token goes by the ticker EURR, is available inside the Revolut app and through the trading platform Revolut X, and is aimed for now at selected customers in three countries: Denmark, Poland and Portugal. An expansion across the entire European Economic Area (EEA) is planned before the end of the year. “We’re introducing EURR, our first euro-backed stablecoin, in the Revolut app,” the company confirmed in a thread on X.

That puts the fintech, which says it serves around 80 million customers, in a growing group of banks, payment providers and fintechs looking to move blockchain-based money out of the crypto niche and into everyday payments. By Revolut’s own account, EURR is the first step in a broader stablecoin strategy that could later cover additional currencies.

Stripe’s Bridge Is the Issuer, Not Revolut

In legal terms, Revolut does not issue the token at all. The issuer is Luxembourg-based Bridge Building S.A., the European entity of stablecoin infrastructure provider Bridge, which has belonged to Stripe for a good year now. The payments giant acquired Bridge in a deal reported at around 1.1 billion US dollars, at the time the largest crypto takeover the industry had seen.

Bridge holds licences from Luxembourg’s financial regulator CSSF both as an electronic money institution and as a crypto-asset service provider (CASP), and is responsible for issuance, redemption and reserves. Revolut Digital Assets Europe Ltd, a MiCA CASP supervised by Cyprus regulator CySEC, appears in the white paper as the sole distributor and supplies what most regulated euro tokens have lacked so far: reach. The token itself carries the brand name Revolut Euro.

Revolut describes the setup on X as follows: EURR is “designed to hold a value of 1.00 euro and backed by reserves held and managed by our EU-licensed issuer, in compliance with MiCA regulations.”

The division of labour is no coincidence. Stripe and Revolut already work together elsewhere in the stablecoin space, for example on the Tempo blockchain that Stripe is building with OpenAI, Visa and Nubank. Both companies are also on board for the ECB’s digital euro trial.

How EURR Is Backed

EURR is what the EU’s MiCA regulation calls an electronic money token. For every token in circulation, Bridge has to hold one euro or an equivalent euro-denominated asset. The white paper sets no issuance cap; supply follows demand within the EEA.

Just how small the start is becomes clear from Bridge’s public reserve dashboard: it recently showed 374 tokens in circulation, backed by 374 euros held entirely as cash deposits at credit institutions. Highly liquid financial instruments, which MiCA would also permit, have not been used so far. For comparison, Circle recently reported around 403 million euros of its own euro stablecoin EURC in circulation, as Finance Magnates reports.

An independent accounting firm is to confirm every month that the reserves cover the token supply circulating in the EEA. The white paper does not say which firm takes on that job. Within six months, Bridge also has to file recovery and redemption plans with the CSSF. Under market stress, that framework can permit temporary redemption limits, liquidity fees or a suspension of redemptions.

EURR currently exists on Ethereum and Polygon. The white paper names considerably more networks as planned, among them Solana, Arbitrum, Optimism, Avalanche, Injective, TON and Sui.

What Users Get Out of It

For customers, EURR is first of all a convenient bridge between a euro account and the blockchain world. The company speaks of an “on-chain rail” that lets eligible customers “move more easily between euros, crypto, external wallets and supported blockchain networks.” Transfers are possible around the clock, including outside the operating hours of conventional payment systems. Revolut’s pitch leans above all on speed in cross-border transfers and settlement.

Legally, holders have a claim against Bridge and can redeem at par at any time free of charge. The conditions are passing compliance checks and providing an EEA bank account with a valid IBAN, with payout due within two business days. There is no interest, even if Bridge earns returns on the reserves. That is precisely what MiCA prescribes. Bridge can also freeze addresses where illegal activity is suspected or authorities demand it.

Emil Urmanshin, Head of Crypto at Revolut, frames the ambition this way: EURR connects 80 million customers directly to on-chain finance and combines the company’s scale and licensed banking infrastructure with instant access to the crypto ecosystem.

“EURR Is Just the Beginning”

The euro is meant to be only the first stop. “EURR is just the beginning. Stablecoins pegged to other currencies are already in development,” Revolut writes on X. For EURR itself, “broader availability later this year” is expected, and interested customers can sign up in advance to be notified when it goes live.

What stands out is how prominently the fintech pairs the announcement with risk warnings. Stablecoins carry risks, the official thread says, cryptocurrencies are highly volatile and fall outside investor protection schemes, there is a risk of total capital loss, and gains may be taxable. The thread points to the white paper along with its redemption rights and risk section.

A Market the Dollar Rules

The starting position remains difficult. USDT and USDC together account for roughly 85 percent of all stablecoins in circulation, and euro tokens remain a fringe phenomenon. At the same time, growth in the overall market has flattened noticeably over the course of this year.

Competition is plentiful all the same. Circle has been in the market with EURC for years and was the first issuer to secure MiCA authorisation. In Germany, AllUnity, a joint venture of DWS, Flow Traders and Galaxy, launched the EURAU token under a BaFin licence. And the Qivalis project now has 37 European banks behind it, among them BNP Paribas, ING, UniCredit and BBVA, which plan to issue a MiCA-compliant euro stablecoin in the second half of the year, subject to authorisation by the Dutch central bank.

The political tailwind is there: the EU is working to curb the dominance of dollar stablecoins, while the ECB pushes ahead with the digital euro. Whether EURR can capitalise on that comes down to a simple question: whether customers find a practical reason to hold a euro on a blockchain rather than use an ordinary bank transfer. The distribution power of an app with tens of millions of users is Revolut’s strongest argument here, while the 374 tokens in circulation show just how young the project still is.

Sources: Revolut on X, Bloomberg, Finance Magnates, Bridge Reserve Dashboard, Disruption Banking