Key facts
- Revolut has launched its first stablecoin, EURR, a euro-pegged token.
- The stablecoin is initially available in Denmark, Poland, and Portugal.
- EURR is issued by Bridge Building S.A. and is compliant with EU's MiCA rules.
- Revolut is withdrawing Tether's USDt from the EEA and Switzerland.
- Wider availability in the European Economic Area is planned for later this year.
Revolut has commenced the rollout of its inaugural stablecoin, EURR, a token pegged to the euro. Initially, the stablecoin is accessible to select customers in Denmark, Poland, and Portugal. This phased launch is expected to extend to other European Economic Area (EEA) markets later in the year, contingent on product, operational, and regulatory readiness.
EURR is issued by Bridge Building S.A., a Luxembourg-based entity that is part of Stripe's stablecoin infrastructure company, Bridge. Revolut has stated that EURR will be incorporated into its retail application, will operate across multiple blockchain networks, and can be transferred to external digital wallets.