Revolut has begun the phased rollout of EURR, its first euro-pegged stablecoin. The initial launch covers selected customers in Denmark, Poland, and Portugal.
EURR is designed to maintain a value of one euro. Users will be able to move between euros, cryptocurrencies, and external wallets through the token.
The stablecoin currently operates on Ethereum and Polygon. Revolut plans to expand the product to other European Economic Area countries later in 2026.
EURR is not issued directly by Revolut
Although EURR carries Revolut’s branding, Stripe-owned Bridge Building S.A. serves as the token’s legal issuer. Revolut handles the stablecoin’s distribution and app integration.
Luxembourg-based Bridge holds an electronic money institution licence from the country’s financial regulator, CSSF. The company also operates as a crypto-asset service provider.
Revolut Digital Assets Europe Ltd offers EURR to customers. The company holds a licence in Cyprus under the European Union’s Markets in Crypto-Assets regulation, known as MiCA.
According to Revolut’s announcement, EURR will be fully integrated into the company’s retail app. The project also represents the first step in Revolut’s broader stablecoin strategy.
The company is developing additional stablecoins pegged to other currencies. These products will follow separate regulatory approval processes.
Each EURR will have one euro in reserves
Bridge will hold one euro or an equivalent amount of euro-denominated assets for every EURR in circulation. The company will keep these reserves in accounts separate from its corporate funds.
Bridge’s reserve page showed that only 374 EURR were in circulation as of August 25. The reserves consisted entirely of €374 in cash deposits held at financial institutions.
The small amount shows that EURR remains available to a limited group of users. The token has no fixed maximum supply; Bridge can issue additional EURR based on demand.
The company said independent accounting firms will review the reserves every month. These reviews will determine whether the reserve value matches or exceeds the number of tokens in circulation.
The MiCA document listed August 20 as the official start date of EURR’s public offering. Revolut announced the phased customer rollout on August 26.
EURR launches with Ethereum and Polygon support
EURR is currently available on Ethereum and Polygon. Revolut aims to expand the stablecoin to external wallets and additional blockchain networks.
The white paper lists Solana, Arbitrum, and Optimism among the planned networks. Avalanche, Injective, TON, and Sui also appear on the support list.
However, Revolut has not disclosed when support for these networks will begin. EURR’s liquidity also remains highly limited during the initial rollout.
The token will provide a direct bridge between euros and the cryptocurrency market within the Revolut app. Users will therefore be able to access on-chain services without first converting euros into a dollar-backed stablecoin.
Revolut also plans to make EURR available on the Revolut X platform. The white paper states that Revolut Digital Assets Europe may add the token to the platform.
EURR holders will be able to redeem tokens for euros
EURR holders will be able to redeem their tokens for euros at a one-to-one rate through issuer Bridge. The company will not charge a direct redemption fee.
Users must first complete Bridge’s identity and compliance checks. They must also provide a valid IBAN from within the European Economic Area.
Bridge says it will transfer approved redemptions to users’ bank accounts within two business days. The company can also freeze addresses linked to sanctions lists or suspicious activity.
EURR will not pay interest to holders. Even if Bridge generates income from the reserves, it will not distribute those earnings to token holders.
The stablecoin does not qualify as a bank deposit. Deposit guarantee and investor compensation schemes will therefore not cover EURR balances.
Revolut will use its distribution reach in the stablecoin market
Revolut has more than 80 million retail customers worldwide. Over 16 million people use the company’s cryptocurrency services.
This user base could give EURR a significant distribution channel against existing euro stablecoins. However, the project’s success will depend on broader European availability, on-chain liquidity, and integrations with external platforms.
Revolut aims to use EURR for international transfers, business payments, and on-chain settlement. The initial launch across only three countries and a limited customer group shows that the product remains at a pilot scale.
Meta Title: Revolut Rolls Out Euro Stablecoin EURR
Meta Description: Revolut has rolled out euro-backed stablecoin EURR. The Ethereum and Polygon-based token is issued by Stripe-owned Bridge.
Keywords: Revolut, EURR, Revolut Euro, euro stablecoin, Bridge, Stripe, MiCA, Ethereum, Polygon
