Revolut is launching a euro stablecoin into a market MiCA handed to an American company
What's happening
Revolut has begun a phased rollout of its euro-backed stablecoin, EURR, to eligible customers in Denmark, Poland and Portugal, with wider availability across the EEA expected later this year. EURR is issued by payments infrastructure provider Bridge (owned by Stripe) and is designed to maintain a value of €1, usable across Revolut's crypto services, external wallets and blockchain rails. Regulatory documents and Bridge's reserve dashboard show only 374 EURR tokens and EUR 374 in cash reserves at launch. Revolut says the token supports fiat-to-stablecoin conversions and instant payments.
Why it's trending
Because stablecoins are moving into mainstream euro payments while MiCA's rollout and market entries (including non-European players) are reshaping who controls euro-denominated tokens.
SignalNewly emerging, confirmed across 1 independent source type.
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Stories per dayAngles you could write
Launching EURR with just 374 tokens in reserve looks less like a market debut and more like a cautious experiment, and that might be smart play by Revolut and Bridge right now.
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Original sources7
- Revolut Unveils a Euro-Backed Stablecoin in Three Countries
U.S. dollars back nearly every stablecoin on the market, but there are signs that non-USD tokens are gaining traction. In a notable development in this trend, UK-based fintech Revolut plans to debut its first euro-backed stablecoin, EURR, in Denmark, Poland, and Portugal. This is expected to be just the first phase in the firm’s broader […] The post Revolut Unveils a Euro-Backed Stablecoin i
PaymentsJournalAug 26 - Revolut Debuts Euro-Pegged Stablecoin in 3 Countries
Revolut is launching a European stablecoin as the digital tokens move further into mainstream finance. The U.K. FinTech’s EURR stablecoin is pegged to the euro and is being rolled out first to customers in Denmark, Poland and Portugal before expanding to other parts of the European Economic Area later in the year, Revolut announced Wednesday (Aug. 26). […] The post Revolut Debuts Euro-Pegged
PYMNTSAug 26 - Revolut Debuts Euro Stablecoin EURR in Denmark, Poland and Portugal
Revolut has launched its first stablecoin as part of plans to expand its cryptocurrency services. The euro-denominated token, called EURR, is designed to maintain a value of €1. It is issued by payments infrastructure provider Bridge and integrated into the Revolut app. Eligible customers can use EURR across supported crypto services, external wallets and blockchain [...] The post Revolut Debuts E
Fintech News SingaporeAug 26
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