Revolut is launching EURR, a euro-pegged stablecoin, as part of a broader stablecoin strategy and plans to add tokens tied to other currencies in the future.

In the EEA, crypto services for Revolut are provided by Revolut Digital Assets Europe Ltd (RDAEL), licensed by the Cyprus Securities and Exchange Commission under MiCA, ensuring regulatory compliance.

EURR will initially be available to eligible customers in Denmark, Poland, and Portugal and is issued by Bridge Building S.A., a Bridge subsidiary, backed by reserves under MiCA requirements.

The article cites The Block as the source and frames EURR within broader industry developments and the MiCA regulatory environment.

Distribution is a primary competition constraint for stablecoins in Europe, and Revolut’s reach across 38 countries with about 65 million users gives it a significant advantage.

The move reflects a broader industry trend of banks and payment providers adopting stablecoins for payments and settlements.

Bridge Building S.A. was acquired by Stripe for $1.1 billion in February 2025, underpinning Revolut’s stablecoin issuance through a connected subsidiary.

The initial rollout targets Denmark, Poland, and Portugal due to market size, reaching roughly 2 million customers at launch.

The European Central Bank has signaled skepticism toward euro-stablecoins, while Brussels plans MiCA revisions in 2027 to include foreign issuers.

EURR could expand Europe’s euro-stablecoin market by creating a large distribution channel and reducing reliance on USDC/USDT, with Europe’s euro-denominated stablecoins far smaller in scale than dollar-denominated tokens.

Regulatory and compliance checks remain important, as on-chain transfers involving EURR may require source-of-funds reviews or additional account checks when moving funds between Revolut and decentralized protocols.

Circle’s EURC currently leads Europe’s euro-stablecoin market, with over €400 million in circulation, while Tether remains unauthorized in Europe.