Revolut has started a phased introduction of its first stablecoin, the euro-pegged EURR, to eligible customers in Denmark, Poland and Portugal. The move marks the company's entry into the regulated euro stablecoin market under the European Union’s Markets in Crypto-Assets framework.

The token is designed to maintain a one-to-one value with the euro and is issued by Bridge Building S.A., the Luxembourg entity of Stripe-owned Bridge. Bridge received its MiCA and electronic money institution authorisations covering the EU on August 7. Revolut Digital Assets Europe, which holds a MiCA authorisation from Cyprus’s CySEC, is offering the token to customers through the Revolut app.

Initial Availability and Features

Access begins with selected users in the three countries, which together account for roughly two million Revolut customers. Wider availability across the European Economic Area is expected later in 2026, subject to product, operational and regulatory readiness.

At launch, EURR is available on Ethereum. Revolut plans to add support for additional blockchain networks and enable transfers to external wallets. External transfers are initially limited to select customers and will expand as liquidity develops. Standard crypto trading and remittance limits apply, while fiat transactions involving EURR carry no spreads or fees.

Customers can use the token as an on-chain euro asset when moving between fiat and crypto without first converting into a dollar-denominated stablecoin.

Part of Broader Stablecoin Strategy

Revolut described EURR as the first step in a multi-currency stablecoin plan. Tokens pegged to other currencies are under development through separate regulatory pathways, though specific currencies have not been disclosed.

The launch coincides with Revolut’s removal of Tether’s USDT for eligible accounts in the EEA and Switzerland. Purchases of USDT ended earlier, and remaining balances are scheduled for conversion into customers’ base currencies after August 31 under MiCA rules that Tether has not sought to meet for euro e-money tokens.

Issuer and Regulatory Details

Bridge Building S.A. holds and manages the reserves backing EURR in line with MiCA requirements for e-money tokens. Holders do not receive the protections of traditional bank deposits. Redemption at par is available through the issuer subject to its onboarding and regulatory processes.

Revolut has previously processed more than $1.2 billion in on-chain stablecoin volume on Polygon for UK and non-EU customers. The new euro token is intended to give European users a local-currency option for blockchain-based transfers and payments inside the existing Revolut platform.

The EURR ticker is already used by a separate Malta-based euro stablecoin issued by StablR, in which Tether holds an equity stake. That earlier token experienced a significant depeg in May following a minting-related incident.

Revolut continues to expand its regulated financial services, including UK banking operations and applications for further licences in other jurisdictions, while integrating crypto products more closely with its core banking and payments offerings.