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Revolut has begun rolling out EURR, a euro-pegged stablecoin, to eligible customers in Denmark, Poland and Portugal, with a wider rollout across the European Economic Area planned later this year. The token is Revolut's first stablecoin and is designed to hold a fixed value of €1.
EURR is issued by Bridge Building S.A., the Luxembourg-based entity of Stripe-owned stablecoin infrastructure firm Bridge, which Stripe acquired for $1.1 billion in February 2025. Bridge Building holds an Electronic Money Institution licence and a Markets in Crypto-Assets (MiCA) authorisation from Luxembourg's CSSF, giving it the legal standing to issue e-money tokens across the EEA. Revolut Digital Assets Europe Ltd, the fintech's regulated crypto arm, distributes the token under its own MiCA licence from the Cyprus Securities and Exchange Commission.
Revolut said in its announcement that EURR gives its customer base an on-chain option denominated in euros rather than dollars, since most stablecoins in circulation are pegged to the US currency. The token launches on Ethereum, with support for additional blockchain networks and external wallet transfers to follow. Revolut framed the launch as the first step in a broader stablecoin strategy, with tokens tied to other currencies already in development through separate regulatory pathways. It did not name which currencies.
The timing is not incidental. Revolut is removing Tether's USDt from its European retail offering by August 31, completing a phased withdrawal that began in July with a purchase freeze and continued through a deposit block later that month. Tether has not sought MiCA authorisation, and MiCA's reserve rules effectively force platforms operating in the EEA to delist stablecoins that lack a licensed issuer. Revolut is one of the last major European platforms to complete that transition, following exchanges including Coinbase, Crypto.com, Kraken and OKX, which removed or restricted USDt trading pairs over the preceding eighteen months.
EURR's launch is significant less for the token itself than for what it represents about the structure of Europe's stablecoin market. Dollar-pegged stablecoins still account for the overwhelming majority of global stablecoin supply, and euro-denominated tokens remain a small fraction of the sector even as MiCA has forced issuers to seek local authorisation. Revolut is entering a field that already includes Circle, Banking Circle and AllUnity, alongside Qivalis, a euro stablecoin backed by a consortium of 37 European banks. What distinguishes Revolut is distribution. It can place EURR directly in front of more than 80 million existing customers who already hold euro balances in its app, instead of building a token that has to find crypto-native users on its own.
That distribution advantage is the real story. A regulated euro stablecoin embedded inside a mainstream banking app, sold through a retail interface rather than a crypto exchange, tests whether stablecoins can move from being a trading instrument into becoming an everyday payments and settlement tool in Europe. Revolut's own framing points toward cross-border transfers, business payments and settlement as the intended use cases beyond simple crypto trading. Whether EURR can build meaningful liquidity against a market still dominated by dollar tokens will depend on how quickly Revolut expands the rollout beyond its initial three markets.
