Revolut launches euro-pegged stablecoin EURR in Europe

Fintech giant Revolut has launched its first euro-pegged stablecoin, EURR, beginning a phased rollout to 2 million customers in Denmark, Poland, and Portugal. Legally issued by Stripe-owned Bridge Building S.A., the MiCA-compliant token is backed 1:1 by euro reserves. The launch comes as Revolut prepares to phase out Tether's USDt in the European Economic Area by August 31, 2026. Revolut plans to integrate EURR on Ethereum and Polygon directly into its retail app, opening onchain finance to its 80 million users.

EURR stablecoin launch

• ▪Revolut launched its first euro-pegged stablecoin, EURR, on August 26, 2026, beginning a phased rollout to select customers in Denmark, Poland, and Portugal
• ▪Revolut plans to expand the rollout of the EURR stablecoin to other European Economic Area markets later in 2026, subject to product, operational, and regulatory readiness
• ▪The EURR stablecoin is designed to maintain a value of one euro and is backed by reserves held and managed by the issuer

Bridge issuance structure

• ▪The EURR stablecoin is legally issued by Bridge Building S.A., a Luxembourg-based subsidiary of the Stripe-owned stablecoin infrastructure company Bridge
• ▪Funds backing the EURR stablecoin are safeguarded in segregated accounts at regulated banks or invested in highly liquid euro-denominated instruments

MiCA compliance framework

• ▪Revolut is launching the MiCA-compliant EURR stablecoin as the company withdraws Tether's USDt from the European Economic Area and Switzerland
• ▪The EURR stablecoin is compliant with the European Union's Markets in Crypto-Assets regulation framework

Revolut distribution strategy

• ▪The EURR stablecoin will initially launch on the Ethereum blockchain, with separate smart contracts deployed on Ethereum and Polygon
• ▪Revolut plans to integrate the EURR stablecoin directly into its retail app, which serves over 80 million retail customers and more than 16 million crypto users
• ▪The initial rollout of the EURR stablecoin in Denmark, Poland, and Portugal will involve approximately 2 million customers

Euro stablecoin market size

• ▪The global stablecoin ecosystem is valued at over $300 billion, while euro-pegged stablecoins represent less than $800 million of that total
• ▪The EURR stablecoin shares its ticker with Stablr's euro-backed stablecoin, which has a market capitalization of approximately 6.4 million euros

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