Fintech company Revolut is beginning a phased rollout of EURR, its first euro-backed stablecoin designed to maintain a value of €1. The token is initially available to eligible customers in Denmark, Poland, and Portugal, with a wider European Economic Area rollout planned for later in 2026.
With a global base of more than 80 million customers—including over 16 million crypto users—the launch provides a major distribution channel for euro-denominated stablecoins. Currently, euro-backed stablecoins total approximately €450 million, while dollar-denominated tokens account for roughly $300 billion.
EURR is designed to bridge bank balances, crypto markets, external wallets, and supported blockchains. The token allows European users to move directly from euros into EURR and onward to crypto markets or decentralized applications, removing the need to convert euros into dollar-pegged stablecoins like USDC or USDT first.
Revolut is not the legal issuer of the token. Instead, EURR is issued by Bridge Building S.A., a part of Stripe-owned Bridge, which maintains the reserves and redemption obligations and is regulated in Luxembourg. Revolut Digital Assets Europe distributes the token under its CySEC-regulated MiCA framework. Revolut has indicated that stablecoins linked to other currencies are also currently under development.
Market observers note that while the stablecoin streamlines settlement, compliance checks remain. Users transferring funds between Revolut and decentralized protocols may still encounter source-of-funds reviews and account checks. Additionally, commentators have highlighted that the EURR ticker is already utilized by a separate token, StablR Euro, which features a different issuer and smart contracts.
