Fintech firm Revolut has officially initiated the rollout of its debut euro-pegged stablecoin, EURR, targeting retail customers across Denmark, Poland, and Portugal. Issued in partnership with Bridge Building S.A., a Luxembourg-based subsidiary of Stripe-acquired stablecoin platform Bridge, the token launch forms part of Revolut’s strategy to expand its crypto product ecosystem while maintaining full alignment with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
The initial rollout reaches approximately 2 million users across the three launch markets. Revolut plans to progressively expand EURR availability across the wider European Economic Area (EEA) later this year, contingent upon regional regulatory, operational, and liquidity milestones.
Infrastructure, External Transfers, and MiCA Alignment
The deployment of EURR strengthens Revolut’s native crypto infrastructure as the firm phases out non-MiCA-compliant assets across European jurisdictions. EURR is launching initially on the Ethereum network, with long-term plans to expand across multiple blockchain networks. Selected retail customers will gain immediate functionality to execute transfers between Revolut and external self-custody or third-party wallets, with broader access expanding alongside market liquidity.
Transactions between EURR and fiat base currencies inside the app will incur zero fees or exchange spreads, subject to Revolut’s standard account trading and remittance thresholds. This launch coincides with Revolut’s scheduled delisting of Tether’s USDt across the EEA and Switzerland, where all remaining USDt balances are set for conversion into users’ local base currencies after August 31.
Reserve Management and Future Currency Assets
EURR is engineered to maintain a strict 1:1 peg to the Euro. Reserves backing the stablecoin are directly held and managed by Bridge Building S.A. under MiCA safeguard mandates, while distribution within the app is managed through Revolut Digital Assets Europe.
Revolut confirmed that the release of EURR represents the first phase of a broader multi-currency stablecoin pipeline. The company is actively developing additional asset-backed tokens denominated in other major global currencies via distinct regulatory frameworks, though specific target currencies have not yet been disclosed.
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