Revolut rolls out euro stablecoin EURR to three EEA states

Revolut has begun a phased rollout of EURR, a euro-backed stablecoin, to eligible customers in Denmark, Poland and Portugal. The company said it will expand access across the European Economic Area later this year, subject to regulatory and operational requirements.

EURR is issued by Bridge, a payments firm owned by Stripe, and is integrated into Revolut’s retail app. The token is designed to maintain a value of €1.00 and is backed by reserves held and overseen by Bridge. Customers can hold EURR in the Revolut app, move it to external wallets and use it to send or receive euro-denominated digital assets.

The stablecoin is built to operate on multiple blockchain networks. Revolut says EURR is intended to connect traditional euro accounts with on-chain finance and can be used for transfers and business settlement over time.

Revolut designed EURR in line with the EU’s Markets in Crypto-Assets (MiCA) framework. The firm also plans to develop additional currency-denominated stablecoins using separate regulatory routes. In February, Revolut took part in early testing of a potential GBP stablecoin with the UK’s Financial Conduct Authority.

Emil Urmanshin, Revolut’s head of crypto and new bets, commented: “EURR connects 80 million Revolut customers directly to on-chain finance. By combining our global scale and licensed banking infrastructure with instant euro denominated access to the crypto ecosystem, we are unlocking real-world stablecoin utility that no traditional bank or crypto native can match.”

Bridge will manage the reserves that back EURR. The token’s multi-network support is intended to give users and partners flexibility to operate on different blockchain platforms. Revolut has not provided a specific timetable for the wider EEA rollout beyond its plan to expand access later this year.