TLDR
- Revolut has begun a phased rollout of EURR, its first euro-backed stablecoin, in Denmark, Poland, and Portugal.
- EURR is issued by Bridge Building S.A., a subsidiary of Stripe-owned Bridge, and is backed by reserves under MiCA rules.
- The token is designed to maintain a value of €1 and will work across multiple blockchains and external wallets.
- A wider rollout across the European Economic Area is planned for later this year, along with stablecoins linked to other currencies.
- Revolut has over 80 million customers globally, giving EURR one of the largest potential distribution channels of any euro stablecoin.
Revolut has started rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland, and Portugal. The launch marks the company’s entry into the stablecoin market as more banks and payment firms move in the same direction.
We’re rolling out EURR, our first euro-backed stablecoin, in the Revolut app. pic.twitter.com/UVcns1mytF
— Revolut (@Revolut) August 26, 2026
The token is designed to hold a value of €1 at all times. It will be fully integrated into the Revolut retail app, letting eligible customers move money between euros, crypto markets, and external wallets.
EURR is not issued by Revolut directly. It is issued by Bridge Building S.A., a subsidiary of Bridge, which was acquired by Stripe for $1.1 billion in February 2025. Bridge holds the reserves and manages the redemption obligation under MiCA regulations, while Revolut distributes the token through its CySEC-regulated framework.
This structure allows Revolut to move quickly into the stablecoin space while keeping the customer relationship within its own app.
Emil Urmanshin, Head of Crypto at Revolut, said the launch connects 80 million Revolut customers directly to on-chain finance. He described it as combining the company’s banking infrastructure with instant euro-denominated access to crypto markets.
A Direct Route for European Crypto Users
For European users, one of the main benefits is removing an extra step. Currently, many users convert euros into USDC or USDT before accessing crypto markets. EURR would allow them to move directly from euros into the crypto ecosystem without that detour.
Euro-backed stablecoins are still a small part of the broader market. Euro-pegged tokens total roughly €450 million in supply, compared with around $300 billion for dollar-denominated stablecoins. Revolut’s scale could shift that balance.
The company says EURR is just the beginning. Stablecoins linked to other currencies are already under development, with a broader EEA rollout expected later in 2026.
Compliance and Branding Questions Remain
Not everyone sees the launch as straightforward. DeFi commentator Ignas noted that users moving funds between Revolut and decentralized protocols may still face source-of-funds checks or account reviews. Stablecoins can speed up settlement, but regulation still controls how freely money moves between crypto and regulated platforms.
There is also a naming issue. Market commentator Max Karpis pointed out that the EURR ticker is already used by StablR Euro, a separate stablecoin with a different issuer and smart contracts. That overlap could cause confusion if Revolut’s token reaches more exchanges and wallets.
Revolut has been expanding its crypto services steadily. In July, the company connected its Revolut X crypto exchange to third-party AI tools including Claude and Gemini. In March, it received UK banking approval, and its U.S. chief executive confirmed plans to offer stablecoin services through a future U.S. bank.
The company is treating EURR as the first step in placing its multi-currency platform on blockchain infrastructure, with the euro as the initial test case.
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