Fintech company Revolut has begun providing select customers in Denmark, Poland, and Portugal with phased access to its first stablecoin — the EURR token, pegged to the euro. According to an official statement from the company, the rollout will be expanded to other European Economic Area (EEA) markets later this year as operational and regulatory infrastructure becomes ready.
The EURR token is issued by Bridge Building S.A., a Luxembourg-registered entity. This structure is owned by Bridge, which in turn is part of the ecosystem of payment giant Stripe and specializes in developing stablecoin infrastructure. Revolut representatives stated that EURR will be integrated into the main retail app, will support multiple blockchain networks, and will allow withdrawals to external non-custodial wallets.
The launch of the company's own stablecoin comes as Revolut adapts to European regulatory requirements. EURR is positioned as a product fully compliant with the Markets in Crypto-Assets (MiCA) regulation. This development coincided with the withdrawal of Tether's USDt (USDT) stablecoin from the EEA and Switzerland. Revolut had previously informed users that remaining USDT balances would be automatically converted into customers' base fiat currencies after August 31, 2026.
The EURR backing mechanism requires the token to maintain a value of one euro. Reserves backing the issuance are held and managed by Bridge in strict compliance with the EU's MiCA requirements. Users access the stablecoin through Revolut's regulated entity, Revolut Digital Assets Europe.
Revolut representatives noted that the EURR launch is only the first step in a broader corporate stablecoin strategy. The company is developing tokens denominated in other national currencies through separate regulatory processes in the relevant jurisdictions. The specific list of currencies under consideration has not been disclosed at this stage.
Revolut's global expansion in the digital assets segment is not limited to the European market. It was previously reported that the company received preliminary approval from regulators in the United Arab Emirates (UAE) to provide cryptocurrency services. This move reflects the company's systematic approach to building international infrastructure for digital financial instruments across various regulatory regimes.