Revolut launches euro-pegged stablecoin EURR in three European countries

Revolut introduces EURR, a euro-backed stablecoin

Revolut, a financial technology company, has launched its first stablecoin called EURR. A stablecoin is a type of digital currency designed to keep a steady value by being tied to a traditional currency, in this case, the euro. The rollout began on August 26, 2026, for customers in Denmark, Poland, and Portugal.

The company plans to expand EURR to more European Economic Area (EEA) markets later this year, depending on regulatory and operational readiness.

Key details about the EURR stablecoin

• EURR is issued by Bridge Building S.A., a Luxembourg-based entity owned by Stripe.
• The stablecoin will be available in Revolut’s retail app and will support multiple blockchain networks, including Ethereum at launch.
• Customers can transfer EURR to external wallets, though this feature will initially be limited to select users.
• EURR is designed to maintain a value of one euro and is backed by reserves managed by Bridge under the EU’s MiCA regulations.
• Revolut is removing Tether’s USDt stablecoin from its platform in the EEA and Switzerland, converting remaining USDT balances into customers’ base currencies after August 31.

Why these three countries were chosen

A Revolut spokesperson told Cointelegraph that Denmark, Poland, and Portugal were selected for the initial rollout due to their market size. Approximately 2 million customers in these countries will have access to EURR first.

How EURR works and what’s next

EURR will initially launch on the Ethereum blockchain. Revolut said that transfers to external wallets will be available immediately for select customers and will expand as liquidity grows. The company’s standard crypto trading and remittance limits will apply, but fiat transactions involving EURR will not carry fees or spreads.

Revolut described EURR as the first step in a broader stablecoin strategy. The company is also developing stablecoins pegged to other currencies but did not specify which ones.

What is confirmed

• Revolut has launched EURR, a euro-pegged stablecoin, in Denmark, Poland, and Portugal.
• EURR is issued by Bridge Building S.A. and is compliant with the EU’s MiCA regulations.
• The stablecoin will initially be available on Ethereum and integrated into Revolut’s retail app.
• Revolut is phasing out Tether’s USDt in the EEA and Switzerland, converting remaining balances after August 31.

What is still unclear

• The exact timeline for expanding EURR to other EEA markets has not been specified.
• Revolut has not identified which other currencies it plans to launch stablecoins for.

Why this matters for European crypto users

The launch of EURR provides Revolut customers in Europe with a regulated, euro-backed digital currency option. This could make it easier for users to hold and transfer euros on blockchain networks without relying on traditional banking systems. The move also aligns with the EU’s MiCA regulations, which aim to create a safer and more transparent environment for crypto assets.

Sources

• Cointelegraph