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

Revolut has begun rolling out its first stablecoin, a euro-pegged token named EURR, to selected customers in Denmark, Poland, and Portugal. The UK-based fintech giant announced the phased launch on Wednesday, with plans to extend availability across the European Economic Area (EEA) later this year, pending product, operational, and regulatory readiness. According to a Revolut spokesperson, the three initial markets were chosen for their size, covering approximately 2 million customers in the rollout.

EURR is issued by Bridge Building S.A., the Luxembourg-based entity of Stripe-owned stablecoin infrastructure company Bridge. The token will be integrated into Revolut's retail app and will initially launch on Ethereum, with support for multiple blockchain networks and external wallet transfers planned as the rollout expands. The launch comes as Revolut withdraws Tether's USDt from the EEA and Switzerland, with remaining USDT balances to be converted into customers' base currencies after August 31.

Backed by reserves managed by Bridge under the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, EURR is designed to maintain a 1:1 peg with the euro. Revolut Digital Assets Europe is offering the token, and the company said standard crypto trading and remittance limits will apply, while fiat transactions will carry no fees or spreads. External wallet transfers will be available immediately for select customers and more broadly as liquidity builds, according to the spokesperson.

The EURR launch represents the first step in Revolut's broader stablecoin strategy, with the company developing additional tokens denominated in other currencies through separate regulatory pathways, though it has not disclosed which currencies it is pursuing. The move positions Revolut among a growing list of European fintech firms embracing MiCA-compliant digital assets as the EU's comprehensive crypto regulatory framework takes full effect.