Revolut, the London-based financial technology company known for its digital banking and payments services, has begun rolling out EURR, its first euro-backed stablecoin, giving selected European customers a way to move euro-denominated value between fiat, crypto and supported blockchain networks directly through its app.
The company said EURR is initially being introduced to eligible customers in Denmark, Poland and Portugal, with a broader rollout across the European Economic Area expected later this year as Revolut also develops stablecoins linked to other currencies.
EURR is designed to maintain a value of €1 and is fully integrated into Revolut’s retail app. Unlike dollar-backed stablecoins, EURR gives euro-based customers an on-chain option without taking on U.S. dollar currency exposure, making it more directly aligned with users who earn, save or spend primarily in euros.
Revolut said EURR can be used across supported crypto services, external wallets and supported blockchain networks, creating a direct bridge between customers’ euro balances and on-chain markets. The company’s earlier rollout announcement also said EURR would launch on Ethereum as part of the phased introduction.
Bridge backs EURR as Revolut brings it to market
EURR is issued by Bridge Building S.A., part of Stripe-owned Bridge, while Revolut offers it to customers under the EU’s MiCA framework.
The token is treated as an e-money token under MiCA, giving holders the right to redeem it for euros at face value through Bridge Building.
Under MiCA, the issuer is required to safeguard the funds received in exchange for EURR and follow rules governing how those funds are held and invested.
Revolut uses EURR to link euro balances with on-chain markets
The launch expands Revolut’s stablecoin strategy beyond simply offering third-party tokens.
Revolut already allows customers to move between fiat currencies and stablecoins such as USDC and USDT, including transfers to external wallets on supported networks. EURR brings that model to a euro-denominated token tied directly to its broader payments and crypto ecosystem.
Revolut said EURR is only the first step, with additional currency-denominated stablecoins being developed through separate regulatory pathways.
If the rollout broadens as planned, EURR could give Revolut customers a more direct route between everyday euro balances and blockchain-based payments, transfers and crypto markets without relying on dollar-denominated stablecoins.
MiCA puts EURR under regulated e-money rules
Under MiCA, euro-pegged stablecoins such as EURR are treated as e-money tokens, bringing them under rules designed for regulated digital money rather than speculative crypto assets. Issuers must be properly authorised, publish required disclosures and give holders a direct claim to redeem tokens at face value.
For EURR, that means one token is designed to represent one euro and can be redeemed accordingly through the issuer. If an e-money token grows large enough to be deemed “significant,” it can face additional oversight, including tighter liquidity, reserve and supervisory requirements.
MiCA pressure has already reshaped Europe’s stablecoin market
EURR’s launch comes after MiCA forced major changes across Europe’s stablecoin market, with non-compliant tokens such as USDT facing restrictions on some platforms serving EEA users.
The rules require issuers of fiat-linked tokens offered in the bloc to meet licensing, reserve, disclosure and redemption standards. That has given regulated euro and dollar stablecoins a clearer path into the market while reducing access to others.
For Revolut, launching EURR under MiCA gives the token a clearer regulatory footing while offering euro-based users a direct on-chain option for payments, transfers and crypto activity without relying on dollar-backed stablecoins.
