Revolut has begun introducing its first proprietary stablecoin, EURR, a euro-pegged digital asset issued by Bridge Building S.A. The initial rollout covers customers in Denmark, Poland and Portugal, with plans to expand across the European Economic Area later this year.
EURR Begins Phased European Rollout
Revolut is entering the regulated stablecoin market with EURR, designed to maintain a value of one euro and operate within the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
The initial launch is being conducted in Denmark, Poland and Portugal, with approximately 2 million Revolut customers potentially covered by the first phase. The company said additional EEA markets will be added progressively, depending on regulatory, operational and product readiness.
EURR is issued by Bridge Building S.A., a Luxembourg-based entity belonging to Bridge, the stablecoin infrastructure company owned by Stripe. Revolut Digital Assets Europe is responsible for offering the token to customers.
The stablecoin will initially operate on Ethereum, although Revolut intends to make EURR available across multiple blockchain networks as the rollout develops.
External Wallet Transfers Are Part of the Plan
Unlike a closed in-app digital balance, EURR is designed to interact with the broader blockchain ecosystem.
Revolut plans to support transfers between its platform and external cryptocurrency wallets, allowing eligible customers to move the stablecoin outside the Revolut application.
External-wallet functionality will initially be available to selected users, with broader access expected as liquidity develops.
This could make EURR more useful for payments, transfers and onchain applications rather than limiting it to Revolut’s internal ecosystem.
Revolut said its existing crypto trading and remittance limits will apply to EURR, while fiat transactions associated with the service will not carry additional fees or spreads.
MiCA Compliance Becomes Increasingly Important
The launch comes as European crypto regulation continues to reshape the stablecoin market.
Under MiCA, regulated stablecoin issuers must meet requirements covering areas such as reserves, redemption and governance. EURR is designed to maintain its euro peg through reserves managed by Bridge in accordance with the applicable regulatory framework.
Revolut’s move also follows its decision to remove Tether’s USDT from availability in the European Economic Area and Switzerland. The company previously indicated that remaining USDT balances would be converted into customers’ base currencies following the end of its transition period.
The introduction of EURR therefore gives Revolut a euro-denominated alternative as regulatory requirements become more restrictive for certain stablecoins in Europe.
Revolut Is Building a Broader Stablecoin Strategy
The company describes EURR as the first stage of a larger stablecoin initiative.
Revolut said it is exploring additional tokens denominated in other currencies, although it has not disclosed which currencies are under consideration. Those products would be developed through separate regulatory pathways.
The strategy could eventually allow Revolut to operate a broader network of regulated digital currencies for customers across different regions.
That would give the company another way to connect traditional banking services with blockchain-based payments and settlement.
Why the Launch Matters
Stablecoins are increasingly becoming an important bridge between conventional financial systems and blockchain networks.
For Revolut, issuing or distributing a regulated euro stablecoin could provide several potential advantages:
- Faster digital transfers: EURR can move on blockchain infrastructure rather than relying exclusively on traditional banking rails.
- Blockchain interoperability: Planned multi-chain support could expand where the token can be used.
- Self-custody access: External wallet transfers can allow customers to interact with decentralized applications and other blockchain services.
- Regulatory alignment: A MiCA-compliant structure provides a framework for operating across eligible European markets.
- Multi-currency expansion: Future stablecoins could extend the model beyond the euro.
The larger question is whether customers will use EURR primarily as a digital representation of euros within Revolut or whether it will develop into a widely used onchain payment asset.
For now, Revolut is taking a controlled approach, starting with three markets and Ethereum before expanding availability. If adoption and liquidity develop as expected, EURR could become a significant component of the company’s broader push to combine banking, crypto and blockchain-based payments within a single financial platform.
