Revolut has launched its first euro-denominated stablecoin, EURR, rolling out the token to eligible customers in Denmark, Poland and Portugal, with plans to expand across the European Economic Area later this year.

The London-based fintech said EURR is designed to maintain a one-to-one value with the euro and can be redeemed at par through its regulated issuer. The token is issued by Bridge Building S.A., a Luxembourg electronic money institution supervised by the Commission de Surveillance du Secteur Financier, and owned by payments giant Stripe through its stablecoin infrastructure arm Bridge.

Revolut Digital Assets Europe Ltd acts as the offeror and is admitting EURR for trading on Revolut X, the company’s exchange for higher-volume traders. The structure keeps the regulated issuer and the consumer distribution layer in separate entities: Revolut controls the customer-facing product and trading access, while Bridge Building carries the issuance and redemption obligations.

“We’re rolling out EURR, our first euro-backed stablecoin, in the Revolut app,” the company said on its official account.

Bridge Building received MiCA authorization in Luxembourg on August 7, becoming the 42nd company on the bloc’s electronic-money-token register, just 19 days before the EURR launch. The authorization gives the Stripe-owned infrastructure company a regulated route to issue and service crypto assets across the European Economic Area.

EURR reserves are held separately from operating funds, and holders can redeem the token against Bridge Building at €1 for each EURR, subject to the applicable redemption process. Reserve information and the token’s crypto-asset white paper are published through Bridge’s dedicated EURR reserve portal.

A Crowded Field

The launch moves Revolut from distributing third-party stablecoins into offering a branded euro token, a shift that comes as Europe’s euro stablecoin market grows increasingly competitive. A consortium of 37 banks is backing the Qivalis stablecoin, while Circle, Banking Circle, AllUnity and other regulated issuers already operate euro-pegged tokens under MiCA.

Revolut has been building the infrastructure for this move for over a year. The company brought stablecoin remittances onto the Polygon network for UK and non-EU customers in November 2025 and had processed more than $1.2 billion in on-chain stablecoin volume by March 2026.

The EURR ticker, however, carries a complication Revolut did not create. A Malta-licensed euro stablecoin from StablR, a company in which Tether took an equity stake in December 2024, has traded under the same symbol since 2024. In May, an attacker who compromised a single signer’s key on StablR’s minting multisig created $13.5 million in unbacked EURR and USDR tokens, sending the token down to $0.85, roughly 26% below its peg, before StablR confirmed the exploit and moved to contain it.

Anyone searching for “EURR” on an exchange or block explorer now has to distinguish between a token with a documented depeg and a newly issued one from a payments company that has never had a stablecoin exploited.

MiCA Compliance Shift

Revolut’s stablecoin launch sits inside a broader reshuffle that MiCA is forcing on its crypto shelf. The company is separately removing Tether’s USDT for European users by August 31, after Tether declined to seek MiCA authorization rather than meet the requirement that euro e-money token issuers hold reserves largely in European bank deposits.

The company plans to expand EURR to additional European markets later this year and develop stablecoins linked to other fiat currencies. It has positioned the tokens for uses extending beyond crypto trading, including cross-border payments and business transfers.

Revolut’s European crypto operation serves customers through a MiCA-authorized entity, while the company’s broader customer base has grown above 75 million globally. The firm recently added a physical crypto card that lets customers spend from digital-asset balances, while Revolut X targets higher-volume traders separately from the main banking app.

EURR gives eligible Revolut users a euro-native asset that can move between fiat balances, crypto trading and external blockchain infrastructure without first converting through a dollar stablecoin. Whether the token outgrows its three-country pilot will depend on how the market sorts out a ticker it now shares with a token that has already had a difficult stretch, as well as on Revolut’s execution across the wider European Economic Area.